On January 3, 2016, Bonita Industries purchased machinery. The machinery has an estimated useful life of...
On January 3, 2016, Bonita Industries purchased machinery. The
machinery has an estimated useful life of eight years and an
estimated salvage value of $121000. The depreciation applicable to
this machinery was $269000 for 2018, computed by the
sum-of-the-years'-digits method. The acquisition cost of the
machinery was
| $1452000. |
| $1735000. |
| $1614000. |
| $1927000. |
Homework Answers
Depreciation base = $269,000 * 36/6 = $1,614,000
Acquisition cost of machinery = $1,614,000+121,000 = $1,735,000
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