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$4,000 to pour a concrete slab on which to place the equipment.
What is the total cost of the new equipment?
$104,760
$108,760
$110,760
$101,000
6- Multiple Choice Question 98
A company purchased factory equipment for $350,000. It is
estimated that the equipment will have a $35,000 salvage value at
the end of its estimated 5-year useful life. If the company uses the
double-declining-balance method of depreciation, the amount of
annual depreciation recorded for the second year after purchase
would be
$84,000.
$140,000.
$126,000.
$60,480.
7- Multiple Choice Question 175
On a balance sheet, natural resources may be described more
specifically as all of the following except
oil reserves.
timberlands.
land improvements.
mineral deposits.
8- Multiple Choice Question 98