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Calculate the annual depreciation

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Reference no: EM132069030

Question - Sheridan Company purchased machinery with a list price of $82000. They were given a 10% discount by the manufacturer. They paid $700 for shipping and sales tax of $4400. Sheridan estimates that the machinery will have a useful life of 10 years and a residual value of $30000. If Sheridan uses straight-line depreciation, annual depreciation will be

$4380.

$4890.

$4848.

$7890.

Reference no: EM132069030

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