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What would the new amortization expense

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Q1) An extraordinary repair takes place on a 3 year old machine that cost $20,000, has no salvage value, and has an estimated life of 5 years. A new motor is added to the machine for $5,000. It is believed that this new motor will extend the machine's life by two years. What would the new amortization (depreciation) expense be per year on the machine? please Show me the calculation.

Q2) Mubila Transport purchases a delivery truck for $30,000. Related expenditures include lettering of the company name on the truck $2000; a motor vehicle licence $125; a one-year insurance policy $2,500; and the installation of a transport rack on the top of the delivery truck $3,000. What costs should be included in the purchase price of the delivery truck and what costs should be expensed?

Reference no: EM132982519

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