Business, 20.04.2020 19:40, christinapim

Tomko Company purchased machinery with a list price of $96,000. They were given a 10% discount by the manufacturer. They paid $600 for shipping and sales tax of $4,500. Tomko estimates that the machinery will have a useful life of 10 years and a residual value of $30,000. If Tomko uses straight-line depreciation, annual depreciation will be:

A. $6,150.

B. $6,108.

C. $9,150.

D. $5,640

Answers: 1

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Tomko Company purchased machinery with a list price of $96,000. They were given a 10% discount by th...