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Question
newell company purchased a machine with a list price of $64,000. they were given a 10% discount by the manufacturer. they paid $400 for shipping and sales tax of $3,000. newell estimates that the machine will have a useful life of 10 years and a residual value of $20,000. if newell uses straight-line depreciation, annual depreciation will be
a.$4,100
b.$4,072
c.$6,100
d.$3,760
Answer
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