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On January 2 , 2 0 1 8 , Wang Company acquired equipment to be used in its manufacturing operations. The equipment has an estimated

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On January 2,2018, Wang Company acquired equipment to be used in its manufacturing operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $45,000. The depreciation applicable to this equipment was $210,000 for 2021, computed under the sum-of-the-years'-digits method. What was the acquisition cost of the equipment?
$1,605,000
$1,625,000
$1,650,000
$1,695,000
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