On january 1, 2012, graham company purchased a new machine for $2,800,000. the new machine has an estimated useful life of nine years and the salvage value was estimated to be $100,000.
depreciation was computed on the sum-of-the-years'-digits method.
what amount should be shown in graham's balance sheet at december 31, 2013, net of accumulated depreciation, for this machine?
a. $2,260,000
b. $1,780,000
c. $1,742,221
d. $1,659,000
Answers: 2
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