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Grasser's Inc. purchased a piece of machinery on January 1, 2019. Grasser's will depreciate the equipment using the straight-line method over the machinery's useful life

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Grasser's Inc. purchased a piece of machinery on January 1, 2019. Grasser's will depreciate the equipment using the straight-line method over the machinery's useful life of 10 years and used a residual value of $12,000. Grasser's depreciation expense for the full year in 2020 for the machinery was $11,000. What was the original cost of the machinery? A. $110,000 B. $134,000 C. $98,000 D. $122,000

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