Barton Construction Company purchased a piece of heavy equipment on January 1, 2017, which it is depreciating
Question:
Barton Construction Company purchased a piece of heavy equipment on January 1, 2017, which it is depreciating using the straight-line method. The equipment's useful life is 5 years and its residual value is $5,000. Barton recorded depreciation expense of $44,000 in 2018.
Required:
Determine the original cost of the equipment?
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