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How much will be the annual depreciation cost

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Reference no: EM132791216

Apple company purchases furniture's at a cash price of $16,000. Related expenditures are sales taxes $1,500, Insurance after the installation is $250, Installation and testing $200. The furniture's estimated useful life of is 5 years and the salvage value is $1,500

Problem a. Determine the cost component of the furniture.

Problem b. Compute the total costs of the furniture.

Problem c. Using straight line method, how much will be the annual depreciation cost?

Problem d. What is the book value of the machine at the end of the 4th year?

Problem e. What is the book value of the machine at the end of the 5th year?

Reference no: EM132791216

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