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Current Attempt in Progress Suppose that Sheridan Company purchases a new delivery van for $78000. The sales taxes are $4000. The logo of the company is painted on the side of the van for $1700. The van's annual license is $130. The van undergoes safety testing for $210. What does the company record as the cost of the new van? $83700. O $84040. O $82000. O $83910. Save for Later Attempts: 0 of 1 used Submit Answer CH To at th 1. E 2. 3. 4.

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Suppose that Sheridan Company purchases a new delivery van for $78000. The sales taxes are $4000. The logo of the company is painted on the side of the van for $1700. The van's annual license is $130. The van undergoes safety testing for $210. What does the company record as the cost of the new van? $83700. $84040. $82000. $83910. Crane Supply Company bought a machine on January 1,2025 . The machine cost $144000 and had an expected salvage value of $25000. The life of the machine was estimated to be 4 years. The depreciable cost of the machine is $119000.$144000.$39667.$29750. A company purchased factory equipment on June 1,2025 for $101800. It is estimated that the equipment will have an $13000 salvage value at the end of its 10 -year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31,2025 is $8880. $4440. $5180. $3700. An asset was purchased for $318000. It had an estimated salvage value of $78000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $62000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in Year 6 would be $19800. $39600. $27200. $25600

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