Business, 26.03.2020 20:03, honwismun1127

Wizard Co. purchased two machines for $250,000 each on January 2. The machines were put into use immediately. Machine A has a useful life of 5 years and can be used in only one research project. Machine B will be used for 2 years on a research and development project and then used by the production division for an additional 8 years. Wizard uses the straight-line method of depreciation. What amount should Wizard include in research and development expense for the year?

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Wizard Co. purchased two machines for $250,000 each on January 2. The machines were put into use imm...