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Clark Imports sold a depreciable plant asset for cash of $79,000. The accumulated depreciation amounted to $89.000, and a loss of $4,400 was recognized on

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Clark Imports sold a depreciable plant asset for cash of $79,000. The accumulated depreciation amounted to $89.000, and a loss of $4,400 was recognized on the sale. Under these circumstances, the original cost of the asset must have been: Multiple Choice $172,400 $163,600 $93.400 $84,600

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