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harkovskaia [24]
3 years ago
6

Daily Enterprises is purchasing a $ 10.5 million machine. It will cost $ 46 comma 000 to transport and install the machine. The

machine has a depreciable life of five years and will have no salvage value. If Daily uses​ straight-line depreciation, what are the depreciation expenses associated with this​ machine? The yearly depreciation expenses are ​$ nothing.
Business
1 answer:
jekas [21]3 years ago
8 0

Answer:

$2,109,200

Explanation:

The computation of the depreciation expense under the straight line method is shown below:

= (Original cost + installation cost - residual value) ÷ (useful life)

= ($10,500,000 + $46,000 - $0) ÷ (5 years)

= ($10,546,000) ÷ (5 years)  

= $2,109,200

In this method, the depreciation is same for all the remaining useful life

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Answer:

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Explanation:

Giving the following information:

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6 0
3 years ago
Read 2 more answers
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lilavasa [31]

Answer:

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Explanation:

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Cheers!

             

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Took the test and guessed it correctly

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