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.

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Definitions:

Bureaucracies

Complex systems of administration and governance characterized by structured hierarchies, fixed rules, and regulation to manage organizations or states.

Holocaust

The systematic, state-sponsored persecution and annihilation of six million Jews and millions of others by Nazi Germany and its collaborators during World War II.

Federal Ministry

A government department at the national level in a federal system, responsible for specific policy areas and administration.

Efficiency

The ability to achieve a desired outcome with minimal waste of time, effort, or resource.