need the 2nd one question 7 Arizona Enterprises...
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question 7
Arizona Enterprises purchased equipment for $100,000 on January 1, 2019. The equipment is expected to have a ten- year life and a residual value of $15,000. Using the double-declining balance method, depreciation for 2020 would be: TTT Arial 3 (120) T- QUESTION 7 On January 1, Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $420,000 with terms 2/10 net 30. Shipping costs totaled $15,000.Foundation work to house the centrifuge cost $8,000. An additional water line had to be run to the equipment at a cost of $3,000. Labor and testing costs totaled $6,000. Materials used up in testing cost $3,000. Insurance for the first year of operations was $12,000. Payment was made on January 15. The capitalized cost is: TTT Arial 3 (120) T-SE 37
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