Business, 03.12.2019 01:31, dekarouh

Ivanhoe company purchased machinery with a list price of $88000. they were given a 7% discount by the manufacturer. they paid $400 for shipping and sales tax of $4700. ivanhoe estimates that the machinery will have a useful life of 10 years and a residual value of $25000. if ivanhoe uses straight-line depreciation, annual depreciation will be

a) $6194
b) $5684
c) $8694
d) $6152

Answers: 3

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Ivanhoe company purchased machinery with a list price of $88000. they were given a 7% discount by th...