Business
Business, 24.10.2019 17:43, wowihavefun

Equipment was purchased for $75,000. freight charges amounted to $3,500 and there
was a cost of $10,000 for building a foundation and installing the equipment. it is
estimated that the equipment will have a $15,000 salvage value at the end of its 5-year
useful life. depreciation expense each year using the straight-line method will be
a. $17,700.
b. $14,700.
c. $12,300.
d. $12,000.

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Equipment was purchased for $60,000. freight charges amounted to $2,800 and there was a cost of $8,000 for building a foundation and installing the equipment. it is estimated that the equipment will have a $12,000 salvage value at the end of its 5-year useful life. depreciation expense each year using the straight-line method will bea. $14,160.b. $11,760.c. $9,840.d. $9,600
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