Assume BizChair.com sold a used conveyor belt for $170,500 cash. If accumulated depreciation on the sale date was $58,011 and a gain of $6,421 was recognized on the sale, what was the original cost of the asset? Multiple Choice O $234,932 O $112,489 O $64,432 $222,090 O $164,079 A company purchased a mineral deposit for $830,000. It expects this property to produce 1,230,000 tons of ore and to have a salvage value of $53,000. In the current year, the company mined and sold 93.000 tons of ore. Its depletion expense for the current period is equal to: Multiple Choice O $1,456,415 O $137,819 O $66,763 . $62,756 O $58,749 A company's old machine, which cost $36,000 and had accumulated depreciation of $26,400, was traded in on a new machine of like purpose having an estimated 20-year life with an invoice price of $46,000. The company also paid $39,000 cash, along with its old machine to acquire the new machine. The value of new machine should be recorded at Multiple Choice $48,600 $36,000 O $10,000 O $46,000 $43,400