ACCOUNTING HELP plz (10 pts right away!)?

Question

1. If the value of an asset is $12,300 and the accumulated depreciation is $2,700, the original cost of the asset was ____.

a. 9600

b. 12300

c. 15000

d. 17700

2. Owner’s equity at the beginning of the accounting period is $38,000. Net income for the period is $40,000. Investments by the owner during the period total $1500. Withdrawals by the owner during the period total $20,000. The owners equity at the end of the accounting period is ___.

a. 73000

b. 78000

c. 93000

d. 113000

Thank you so very much!!!

Answer 1

number one to calculate the original cost of an asset, you take it's current value plus the total accumulated depreciation.  I'll let you do the Math.

For the second one.  You take starting equity, you add income and investments(money going in) and then you subtract withdrawals(money going out).  I'll let you do the Math.

Answer 2

1. C

2. B