Multiple Choice
Stine Company purchased machinery with a list price of $96000.The company was given a 10% discount by the manufacturer.They paid $600 for shipping and sales tax of $4500.Stine estimates that the machinery will have a useful life of 10 years and a residual value of $30000.If Stine 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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