Business, 21.01.2020 23:31 rocksquad7917
The cash price of this machine was $53,500. related expenditures included: sales tax $3,650, shipping costs $200, insurance during shipping $100, installation and testing costs $60, and $150 of oil and lubricants to be used with the machinery during its first year of operations. sarasota estimates that the useful life of the machine is 5 years with a $4,400 salvage value remaining at the end of that time period. assume that the straight-line method of depreciation is used.
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The cash price of this machine was $53,500. related expenditures included: sales tax $3,650, shippi...
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