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.

---

Definitions:

Farmland

Land used for the purpose of agricultural production, including the growing of crops and the rearing of animals.

Tropical Rain Forests

Biome near the equator characterized by high rainfall, humidity, and biodiversity.

Intermediate Disturbance Hypothesis

In community ecology, the idea that species richness is greatest at moderate levels of disturbance, which create a mosaic of habitat patches at different stages of succession.

Predation

An ecological interaction where one organism, the predator, kills and eats another organism, the prey, as a source of food.