Tomko Company Purchased Machinery with a List Price of $32,000

question 167

Multiple Choice

Tomko Company purchased machinery with a list price of $32,000.They were given a 10% discount by the manufacturer.They paid $200 for shipping and sales tax of $1,500.Tomko estimates that the machinery will have a useful life of 10 years and a residual value of $10,000.If Tomko uses straight-line depreciation, annual depreciation will be

• A)$2,050.
• B)$2,036.
• C)$3,050.
• D)$1,880.

Comprehend the significance and impact of Hox genes on the positioning and development of body parts.

Grasp the function and importance of extraembryonic membranes in amniote development.

Identify the sequence and significance of structures observed during neurulation.

Recognize the origin and differentiation potential of somites in vertebrates.

---

Definitions:

Comparative Advantage

The ability for a particular individual, commercial entity, or country to produce a certain good or render a service with significantly less opportunity cost compared to opposition.

Domestic Opportunity Costs

The cost of forgoing the next best alternative use of a country's domestic resources.

Capital-Intensive

A type of industry or business that requires large amounts of capital investment in comparison to labor to produce goods or services.

Labor-Intensive

A term describing industries or businesses that require a large amount of human labor relative to capital equipment to produce goods or services.