Tomko Company Purchased Machinery with a List Price of $96000

question 257

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.

---

Definitions:

Self-Concept

An individual's perception of themselves, including their beliefs, feelings, and thoughts about their own abilities, appearance, and values.

Self-Regulation

The ability of an individual to manage their emotions, thoughts, and behaviors in various situations, often contributing to goal achievement and well-being.

Self-Representation

How individuals present and perceive themselves, often influenced by social and personal factors.

Self-Esteem

The subjective evaluation or perception of one's own worth, encompassing beliefs and emotions, including pride and shame.