Newell Company Purchased a Machine with a List Price of $160,000.They

Multiple Choice

Newell Company purchased a machine with a list price of $160,000.They were given a 10% discount by the manufacturer.They paid $1,000 for shipping and sales tax of $7,500.Newell estimates that the machine will have a useful life of 10 years and a salvage value of $50,000.If Newell uses straight-line depreciation, annual depreciation will be

A) $10,250.
B) $10,180.
C) $15,250.
D) $9,400.