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No. 1 (3 pts.) Din ltd decided to sell its manufacturing machine that was bought 1 year ago. The company received $100,000 in cash and
No. 1 (3 pts.) Din ltd decided to sell its manufacturing machine that was bought 1 year ago. The company received $100,000 in cash and recognized capital loss of $24,000. The machine was depreciated using the double declining method, its useful life was estimated at 8 years and it had a salvage value of $2,000 .What was the original cost of the machine? a. $165,333 b. $76,000 C. $124,000 d. $133,333 e. $304,000
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