Question
On August 1, 2021, your company purchased a machine and you are given the following information: Invoice cost $5,500; Sales Tax $400; Delivery Charges $250;
On August 1, 2021, your company purchased a machine and you are given the following information: Invoice cost $5,500; Sales Tax $400; Delivery Charges $250; Installation and programming $850; Residual Value $2,000; Useful Life 3 years. What is 2021 depreciation if they use straight-line depreciation?
a - $833
b - $694
c - $1,667
d - $1,400
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
1st Edition
0471962120, 978-0471962120
