Cola Company purchased a bottling machine on October 1, 2018 for $250,000. The estimated useful...
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Cola Company purchased a bottling machine on October 1, 2018 for $250,000. The estimated useful life is 25 years and they are using straight-line depreciation. On October 1, 2019, they spent $46,000 on the machine to double its capacity and $5,000 on routine cleaning. The companys year end is September 30. What should the depreciation expense be at September 30, 2020?
a. $10,000
b. $30,000
c. $12,200
d. $11,917
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