Activity No. 3 Meshal & Assem Co. For Plastic Products pays $22,000 for a machine. Freight costs of $1,300 and import duties of $1,950 are also paid. The business pays the German manufacturer an additional $2,000 to have their engineer install the machine. We also have to pay $400 for adjustments to our factory to house the machine. They estimate that its useful life is 7 years and it will have a salvage value of $6,000. Find accumulated depreciation.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Activity No. 3
Meshal & Assem Co. For Plastic Products pays $22,000 for a machine.
Freight costs of $1,300 and import duties of $1,950 are also paid. The
business pays the German manufacturer an additional $2,000 to have their
engineer install the machine. We also have to pay $400 for adjustments to
our factory to house the machine. They estimate that its useful life is 7 years
and it will have a salvage value of $6,000. Find accumulated depreciation.
ity No. 4
...nnittelletrada
reciable amour
noit
61916-LOX 1arite
:92161 10 9unt stiw bns
asset.
anoitsluɔlɔ noitsibeqeb of tejdua zi bris] (p
noi 0919b of 109j0
916 2pribl
pritstuplso neriv
S.on vivit A
abasmishi
Activity No. 4
Machinery is purchased for QR 36,000. The freight and Qatari import tax are
QR 3000, 5%. The business expects to be able to use the equipment for 5 years.
The annual depreciation amount is QR 5000. Calculate the salvage value.
29nidbsm to
2006 noitsib91q9b of 1910
916 2001q
pitalistanl
..anoitsluples.
mutimu (d
Transcribed Image Text:Activity No. 3 Meshal & Assem Co. For Plastic Products pays $22,000 for a machine. Freight costs of $1,300 and import duties of $1,950 are also paid. The business pays the German manufacturer an additional $2,000 to have their engineer install the machine. We also have to pay $400 for adjustments to our factory to house the machine. They estimate that its useful life is 7 years and it will have a salvage value of $6,000. Find accumulated depreciation. ity No. 4 ...nnittelletrada reciable amour noit 61916-LOX 1arite :92161 10 9unt stiw bns asset. anoitsluɔlɔ noitsibeqeb of tejdua zi bris] (p noi 0919b of 109j0 916 2pribl pritstuplso neriv S.on vivit A abasmishi Activity No. 4 Machinery is purchased for QR 36,000. The freight and Qatari import tax are QR 3000, 5%. The business expects to be able to use the equipment for 5 years. The annual depreciation amount is QR 5000. Calculate the salvage value. 29nidbsm to 2006 noitsib91q9b of 1910 916 2001q pitalistanl ..anoitsluples. mutimu (d
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