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The balance sheets of Tully Corp. showed the following at December 31, 2017, and 2016: December 31, 2017 December 31, 2016 Equipment, less accumulated depreciation
The balance sheets of Tully Corp. showed the following at December 31, 2017, and 2016: December 31, 2017 December 31, 2016 Equipment, less accumulated depreciation of $115,000 at December 31, 2017, and $71,875 at December 31, 2016. $ 83,800 $ 126,925 Assume that the estimated useful life of the equipment is four years and the estimated salvage value is $26,300. What was the original cost of the equipment?
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