Business, 15.04.2020 22:59, famousshorty

Onslow Co. purchased a used machine for $192,000 cash on January 2. On January 3, Onslow paid $8,000 to wire electricity to the machine and an additional $1,600 to secure it in place. The machine will be used for six years and have a $23,040 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of.

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Onslow Co. purchased a used machine for $192,000 cash on January 2. On January 3, Onslow paid $8,000...