Multiple Choice
Tomko Company purchased machinery with a list price of $96000. They were given a 10% discount by the manufacturer. They paid $600 for shipping and sales tax of $4500. Tomko estimates that the machinery will have a useful life of 10 years and a residual value of $30000. If Tomko uses straight-line depreciation annual depreciation will be
A) $6150.
B) $6108.
C) $9150.
D) $5640.
Correct Answer:
Verified
Correct Answer:
Verified
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