Ans:$3738
New Machine Cost |
|
Cash paid(40,250-23000) |
$17,250 |
Fair Value of Old Machine |
$23,000 |
Installation |
$1725 |
Total Cost |
$41975 |
Depreciation for the Year Beginning June 1 2019 |
|
=($41975-$4,600)/10=$3738 |
|
Exercise 11-8 Your answer is incorrect. Try again. Marin Corporation bought a machine on June 1,...
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