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Bengal Construction Company purchased a piece of heavy equipment on January 1, 2018, which it is depreciating using the straight- line method. The equipment's estimated
Bengal Construction Company purchased a piece of heavy equipment on January 1, 2018, which it is depreciating using the straight- line method. The equipment's estimated useful life is five years and its estimated residual value is $5,000. Bengal recorded depreciation expense of $44,000 in 2019. Required: Determine the original cost of the equipment
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