If the book value of an asset is $12,500 and the accumulated depreciation is $3,500,the original cost of the asset is
A) $16,000.
B) $9,500.
C) $9,000.
D) $7,500.

Name: If the book value of an asset is $12,500 and the accumulated depreciation is $3,500,the original cost of the asset is A) $16,000. B) $9,500. C) $9,000. D) $7,500.
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Question

Quizplus · Accepted Answer

The original cost of the asset can be calculated as:
Original cost = Book value + Accumulated depreciation
Original cost = $12,500 + $3,500
Original cost = $16,000

If the Book Value of an Asset Is $12,500 and the Accumulated