Stevens purchased an auto on jan 1 2001 on december 31 2003, Ask an Expert

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Stevens purchased an auto on Jan 1, 2001. On December 31, 2003 the accummulated depreciation account has a balance of $7,500. If the auto is considered fully depreciated on December 31, 2004, and if it has a salvage value of $2,000, what is the original cost of the auto?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9969510

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