Question 1 few Policies current Attempt in Progress Blossom Company purchased machinery with a list price of $80000. They were given a 5% discount by the manufacturer. They paid $400 for shipping and sales tax of $4000. Blossom estimates that the machinery will have a useful life of 10 years and a residual value of $25000, Blossom uses straight line depreciation annual depreciation will be $6040 $5498 $5100. $5540 Save for Later Attempts: 0 of 1 used Submit Arswer Question 2 View Policies Current Attempt In Progress Machinery was purchased for $460000 on January 1, 2022. Freight charges amounted to $16000 and there was a cost of $30000 for building a foundation and installing the machinery. It is estimated that the machinery will have a $50000 salvage value at the end of its 8-year useful life. What is the amount of accumulated depreciation at December 31, 2023 if the straight-line method of depreciation is used? $103500. O $114000 $57000 $51750. Save for Later Attempts:0 of 1 used Submit Auwwer View Policies Current Attempt in Progress An expenditure for which of the following items would be considered a revenue expenditure? O Addition Plant asset Improvements Ordinary repair Save for Later