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theLowe company sold a machine. the machine had accumulated depreciation of 50,000 and a salvage value of 6000. If the machine sold for 16000 and

theLowe company sold a machine. the machine had accumulated depreciation of 50,000 and a salvage value of 6000. If the machine sold for 16000 and a gain of 4000 is recognized, the original cost of the asset is:

The answer is 62,000. Will you how this answer was arrived?

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