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Sheridan company purchased machinery with a list price of

Question - Sheridan Company purchased machinery with a list price of $82000. They were given a 10% discount by the manufacturer. They paid $700 for shipping and sales tax of $4400. Sheridan estimates that the machinery will have a useful life of 10 years and a residual value of $30000. If Sheridan uses straight-line depreciation, annual depreciation will be

$4380.

$4890.

$4848.

$7890.

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Accounting Basics: Sheridan company purchased machinery with a list price of

Reference No:- TGS02862490

Now Priced at $20 (50% Discount)

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Accounting Basics: Sheridan company purchased machinery with a list price of

Reference No:- TGS02862490

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