Equipment was purchased for $160000. Freight charges amounted to $3000 and there was a cost of $14000
Fantastic news! We've Found the answer you've been seeking!
Question:
Equipment was purchased for $160000. Freight charges amounted to $3000 and there was a cost of $14000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $34000 salvage value at the end of its 5-year useful life. Depreciation Expense each year using the straight-line method will be
$28600.
$28000.
$25200.
$35400.
Posted Date: