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On April 30, 2016, Ramirez & Sons sold some used equipment for $112,000. The accumulated...

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Accounting

On April 30, 2016, Ramirez & Sons sold some used equipment for $112,000. The accumulated depreciation on the equipment when sold was $128,000. Ramirez & Sons properly recorded a $44,000 gain on the sale. The original cost of the equipment when it was purchased several years ago by Ramirez & Sons must have been:

A.

$100,000
B.

$196,000
C.

$156,000
D.

$ 56,000

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