Carl is curious about the original cost of the digital imaging equipment he uses at the First National Bank. Accounting cannot tell him the cost, but they know the annual depreciation over an 8-year period is $18,900 per year. If all items are straight-line depreciated and the salvage is always 25% of the first cost, estimate the original cost. D

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Carl is curious about the original cost of the digital imaging equipment he uses at the First National Bank. Accounting cannot tell him the cost, but they know the annual depreciation over an 8-year period is $18,900 per year. If all items are straight-line depreciated and the salvage is always 25% of the first cost, estimate the original cost. Draw a diagram and complete solution.

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