A trader bought a machine on 1 January 2019. He depreciated it at the rate of 10% per annum using the straight-line method.
He sold this machine on 1 January 2021 for $\$ 4000$. The profit on disposal was $\$ 200$.
How much had the machine cost on 1 January 2019?
1 )
$\$ 4560$
$\$ 4750$
3 )
$\$ 5040$
4 )
$\$ 5250$
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