company A bought a machine for 50,000$ with no salvage value and has a useful life 5 years, what is:depreciation expense per year5,0008,00010,000None of the answers are correct O

Depreciation is a non cash expenses and is calculated under straight line method as below Annual…

Answered: bought a achine for no salvage…

Business

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bought a achine for no salvage :depreciation exp 5,000 8,000 10,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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company A bought a machine for 50,000$ with no salvage value and has a useful life 5 years, what is
:depreciation expense per year
5,000
8,000
10,000
None of the answers are correct O

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