An asset being amortized with the straight-line method has a residual value of $10,000 and accumulated amortization expense of $30,000 in its second year.What was the original cost of the asset if its useful life was 5 years?
A)$160,000
B)$140,000
C)$ 85,000
D)$75,000

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The Answer of An asset being amortized with the straight-line method has a residual value of $10,000 and accumulated amortization expense of $30,000 in its second year.What was the original cost of the asset if its useful life was 5 years?
A)$160,000
B)$140,000
C)$ 85,000
D)$75,000

An Asset Being Amortized with the Straight-Line Method Has a Residual