A company purchased equipment for $90,000. Freight charges paid to acquire the equipment amounted to $4,200. There was a cost of

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3 years ago

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A company purchased equipment for $90,000. Freight charges paid to acquire the equipment amounted to $4,200. There was a cost of

$12,000 for constructing a foundation for the equipment and installing the equipment. It is estimated that the equipment will have a $18,000 salvage value at the end of its 5-year useful life. Depreciation expense each full year using the straight-line method will be Group of answer choices $17,400. $14,400. $21,240. $14,760. $17,640.

Business