Mathematics, 18.07.2019 06:10 mgkman9814

Gravity hospital purchased a new item of equipment on january 1,20x1. the equipment has an estimated useful life of ten years and an expected salvage value of 20 percent. gravity hospital’s december 31, 20x5, balance sheet reports $10,000 of accumulated depreciation on this equipment. what was the cost of the equipment when it was acquired on january 1, 20x1?

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