Answer:
Original Cost of asset = $269,000
Explanation:
Provided information,
We have been provided that selling value of equipment = $162,000
Gain recognized on sale = $16,000
Gain = Selling price - Book Value
$16,000 = $162,000 - Book Value
Book Value = $162,000 - $16,000 = $146,000
Accumulated Depreciation = $123,000
Book Value = Original Cost - Accumulated Depreciation
$146,000 = Original cost - $123,000
$146,000 + $123,000 = Original Cost = $269,000
