10. (Chapter Supplement) Irish Industries purchased a machine for $65,000 and is depreciating it with...
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10. (Chapter Supplement) Irish Industries purchased a machine for $65,000 and is depreciating it with the straight-line method over a life of 10 years, using a residuat vatue of $3,000. At the beginning of the sixth year, a major overhaut was made costing $5,000, and the total estimated useful fife was extended to 13 years with a residual value of $3,000. Depreciation expense for Year 6 is: a. $1,885 1065,0003,0005=6200 b. $2,000 NBV after S=58,800 c. $3,250 d. $3,625 e. $4,500 1365,0003,000
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