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The price of the machine is $80,000, as mentioned in the invoice and the sales tax is 5%. The manager of the company paid $6000
The price of the machine is $80,000, as mentioned in the invoice and the sales tax is 5%. The manager of the company paid $6000 for the installation and $4000 for transportation. The interest charges on the loan which is used to acquire the asset is $6000 which is going paid during the year. The company has paid a testing fee of $6000. The asset's useful life is 5 years with a salvage value of $20000. What is the Accumulated Deprictaion in 4th Year
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