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An asset being depreciated with the straight-line method has a residual value of $10,000 and accumulated depreciation of $30,000 in its second year. What was
An asset being depreciated with the straight-line method has a residual value of $10,000 and accumulated depreciation of $30,000 in its second year. What was the original cost of the asset if its useful life was 5 years?
$160,000
$140,000
$85,000
$75,000
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