Stine company purchased machinery with list price of 64000

Assignment Help Accounting Basics

Reference no: EM13388828

Stine Company purchased machinery with a list price of $64,000. They were given a 10% discount by the manufacturer. They paid $400 for shipping and sales tax of $3,000. Stine estimates that the machinery will have a useful life of 10 years and a residual value of $20,000. If Stine uses straight-line depreciation, annual depreciation will be

a. $4,100.

b. $4,072.

c. $6,100.

d. $3,760.

Reference no: EM13388828

Questions Cloud

Who benefits from tariff or quota who loses why would : who benefits from a tariff or quota? who loses? why would domestic markets benefit from protectionist trade policies?

The purpose of the discussion board is to allow students to : make it a grade u ill get a great rating must be original fresh work will pay 15 in apa format with 3-4 reference.the

Describe how foreign exchange rates are determined how do : explain how foreign exchange rates are determined. how do changes in interest rates inflation productivity and income

Write down the advantages and disadvantages of selling : 1 what are the advantages and disadvantages of selling books and goods over the internet?2 amazon offered prime

Stine company purchased machinery with list price of 64000 : stine company purchased machinery with a list price of 64000. they were given a 10 discount by the manufacturer. they

Write down the potential consequences of country having a : what are the potential consequences of a country having a large overall debt? if you were in the position to implement

It is important to have a thorough understanding of the : it is important to have a thorough understanding of the meaning of marketing and its history. this foundation is

The financial statements of the melton manufacturing : the financial statements of the melton manufacturing company reports net sales of 300000 and accounts receivable of

An aging of a companys accounts receivable indicates that : an aging of a companys accounts receivable indicates that 4500 are estimated to be uncollectible. if allowance for

Reviews

Write a Review

Required(*) Message

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages