Deloise company purchased a new machine
Deloise Company purchased a new machine on October 1, 2012, at a cost of $92,401. The company estimated that the machine has a salvage value of $5,490. The machine is expected to be used for 70,000 working hours during its 8-year life.
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Dugan Sales had the following transactions for jackets in 2013, its first year of operations: Jan 20 Purchased 80 units @ $15 = $1,200, Apr 21 Purchased 420 units @ $16= $6,720, Jul 25 Purchased 250 units @ $20 = $5,000, Sept 19 Purchased 150.
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