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1. All the following are needed for the computation of depreciation except Group of answer...

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Question

Accounting

1. All the following are needed for the computation of depreciation except

Group of answer choices

a. cost of the depreciable asset.

b. depreciation method to be used to depreciate the asset.

c. wage expense of personnel operaring the depreciable asset.

d. salvage value of the depreciable asset.

e. estimated useful life of the depreciable asset.

2.

At the beginning of the current year, a company purchased machinery for $60,000. It has a salvage value of $6,000 and an estimated useful life of 9 years. How much is depreciation expense for the first year under the straight-line method?

Group of answer choices

a. $5,556

b. $6,000

c. $5,300

d. $5,500

e. $5,150

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