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Jennings advertising inc. reported the following in December 31 2021 balance sheet: Accumulated depreciation-equipment $360,000 in disclosure note, Jennings indicates that it uses straight-line depreciation

Jennings advertising inc. reported the following in December 31 2021 balance sheet:

Accumulated depreciation-equipment $360,000

in disclosure note, Jennings indicates that it uses straight-line depreciation over 4 years and estimates a salvage value of 50,000. Jennings equipment averages 3 years at December 31. What is the acquisition cost of the equipment owned by Jennings?

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