Multiple Choice
Orkney Company has 2-year-old machinery with a book value of $300,000,based on straight-line depreciation.The machinery has a 5 year economic life and $30,000 salvage value.What was the original cost?
A) $480,000
B) $500,000
C) $530,000
D) unable to determine from the information given
Correct Answer:
Verified
Correct Answer:
Verified
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