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

question 213

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.

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