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  3. 1. on january 2, apple company purchases factory m

1. On January 2, Apple Company purchases factory machine at a cash price of $60,000....

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Accounting

1. On January 2, Apple Company purchases factory machine at a cash price of $60,000. Related

expenditures are sales taxes $2,000, Insurance after the installation is $200, Installation and testing $1,000, Salvage value is $1,000. Useful life of the machine is 5 years.

d. Using straight line method, how much will be the annual depreciation cost?

a.

$13,000

b.

$12,400

c.

$12,000

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