Machinery was purchased for $400000. Freight charges amounted to $15000 and there was a cost...
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Machinery was purchased for $400000. Freight charges amounted to $15000 and there was a cost of $34000 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 4 -year useful life. Depreciation expense each year using the straight-line method will be $99750. $87750. $112250. $87500
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