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A machine is purchased for $70,000. The transportation costs were $4,000, installation costs were $1,000...

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Accounting

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A machine is purchased for $70,000. The transportation costs were $4,000, installation costs were $1,000 and taxes on the purchase price were $700. Testing runs of the new machine cost $5,000. What is the cost of the machine? On January 4, 2012, Mary's Cafe acquired equipment for $200,000. The estimated life of the equipment is 8 years. The estimated residual value is $10,000. What is the profit (loss), if Mary's Caf sold the equipment on June 30, 2014. The straight-line method is used? A machine is purchased for $70,000. The transportation costs were $4,000, installation costs were $1,000 and taxes on the purchase price were $700. Testing runs of the new machine cost $5,000. What is the cost of the machine? On January 4, 2012, Mary's Cafe acquired equipment for $200,000. The estimated life of the equipment is 8 years. The estimated residual value is $10,000. What is the profit (loss), if Mary's Caf sold the equipment on June 30, 2014. The straight-line method is used

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