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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