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Clark Imports sold a depreciable plant asset for cash of $55,000. The accumulated depreciation amounted to $81,000, and a loss of $2,800 was recognized on
Clark Imports sold a depreciable plant asset for cash of $55,000. The accumulated depreciation amounted to $81,000, and a loss of $2,800 was recognized on the sale. Under these circumstances, the original cost of the asset must have been: Multiple Choice $78,200. $133,200. $138,800. $83,800
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