Tomko Company Purchased Machinery with a List Price of $96,000

question 189

Multiple Choice

Tomko Company purchased machinery with a list price of $96,000.They were given a 10% discount by the manufacturer.They paid $600 for shipping and sales tax of $4,500.Tomko estimates that the machinery will have a useful life of 10 years and a residual value of $30,000.If Tomko uses straight-line depreciation, annual depreciation will be

• A)$6,150.
• B)$6,108.
• C)$9,150.
• D)$5,640.

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Definitions:

Monocular Cues

Visual information that allows for perception of depth and distance using one eye.

Depth Perception

The visual ability to perceive the world in three dimensions and judge the distance of an object.

Binocular Depth Cue

Visual information taken in by two eyes that enable us to perceive depth and distance.

Monocular

Monocular vision refers to the ability to see with only one eye, often implicating the depth perception and spatial awareness that relies on cues achievable by one eye.