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Question
stine company purchased machinery with a list price of $32,000. they were given a 10% discount by the manufacturer. they paid $200 for shipping and sales tax of $1,500. stine estimates that the machinery will have a useful life of 10 years and a residual value of $10,000. if stine uses straight-line depreciation, annual depreciation will be
a.$2,050
b.$2,036
c.$3,050
d.$1,880
Answer
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