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How annual depreciation will be

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Question 1: Tomko Company purchased machinery with a list price of $160,000. They were given a 10% discount by the manufacturer. They paid $1,000 for shipping and sales tax of $7,500. Tomko estimates that the machinery will have a useful life of 10 years and a residual value of $50,000. If Tomko uses straight-line depreciation, annual depreciation will be

Reference no: EM132538417

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