Assume Sambazon.come sold an acai processing machine for $172,000 cash. If accumulated depreciation on the sale date was $58,311 and a gain of $6,721 was recognized on the sale, what was the original cost of the asset? O $223,590 O $216,869 O $165,279 O $65,032 O $113,689

Assume Sambazon.come sold an acai processing machine for $172,000 cash. If accumulated depreciation on the sale date was $58,311 and a gain of $6,721 was recognized on the sale, what was the original cost of the asset? O $223,590 O $216,869 O $165,279 O $65,032 O $113,689

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter14: Property Transact Ions: Capital Gains And Losses, § 1231, And Recapture Provisions

Section: Chapter Questions

Problem 5BCRQ

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Question

Assume Sambazon.com e sold an acai processing machine for $172,000 cash. If accumulated depreciation on the
sale date was $58,311 and a gain of $6,721 was recognized on the sale, what was the original cost of the asset?
O $223,590
O $216,869
O $165,279
O $65,032
O $113,689

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