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mario62 [17]
3 years ago
13

Mitchell Corporation bought equipment on January 1, 2017. The equipment cost $300,000 and had an expected salvage value of $50,0

00. The life of the equipment was estimated to be 6 years. The depreciable cost of the equipment is
Business
1 answer:
docker41 [41]3 years ago
8 0

Answer:

$250,000

Explanation:

The depreciable cost of the equipment is the amount that will be used to provide for depreciation on the asset also known as Depreciable Amount.

<em>Depreciable Cost = Cost - Salvage Value</em>

therefore,

Depreciable Cost = $300,000 - $50,000 = $250,000

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True or False: Wages in the auto manufacturing industry would be greater than those in the aircraft manufacturing industry.
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The statement is: False.

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3 years ago
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Marysya12 [62]

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-allows ATM withdrawals  

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