Sage company purchased a machine on july 1 2018 for 30520, Ask an Expert

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Sage Company purchased a machine on July 1, 2018, for $30,520. Sage paid $218 in title fees and county property tax of $136 on the machine. In addition, Sage paid $545 shipping charges for delivery, and $518 was paid to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 6 years with a salvage value of $3,270. Determine the depreciation base of Sage’s new machine. Sage uses straight-line depreciation.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92020663

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