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Yuri [45]
3 years ago
6

Machinery was purchased for $340,000. Freight charges amounted to $14,000 and there was a cost of $40,000 for building a foundat

ion and installing the machinery. It is estimated that the machinery will have a $60,000 salvage value at the end of its 5-year useful life. Annual depreciation expense using the straight-line method will be a. $78,800. b. $57,200. c. $66,800. d. $56,000.
Business
1 answer:
Aleonysh [2.5K]3 years ago
4 0

Answer:

$66,800

Explanation:

Depreciation is used in expensing the cost of an asset

Depreciation reduces the value of an asset

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Cost = $340,000. + $14,000 + $40,000 = $394,000

($394,000 - $60,000) / 5 = $66,800

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5 0
3 years ago
Rise Against Corporation is comparing two different capital structures: an all equity plan (Plan A) and a levered plan (Plan B).
Thepotemich [5.8K]

Answer:

a. Plan A

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a. For Plan A

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= $2.28 million × 8%

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3 years ago
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