Question
Multiple Choice Question 123 Machinery was purchased for $400000 on January 1, 2022. Freight charges amounted to $14000 and there was a cost of $34000
Multiple Choice Question 123
Machinery was purchased for $400000 on January 1, 2022. Freight charges amounted to $14000 and there was a cost of $34000 for building a foundation and installing the machinery. It is estimated that the machinery will have a $60000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2023 if the straight-line method of depreciation is used?
|
| $70400. |
|
| $155200. |
|
| $140800. |
|
| $77600. |
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
