two different questions Machinery was purchased for $482000. Freight charges...
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two different questions 
Machinery was purchased for $482000. Freight charges amounted to $13000 and there was a cost of $36000 for building a foundation and installing the machinery. It is estimated that the machinery will have a $57000 salvage value at the end of its 8 -year useful life. Depreciation expense each year using the straight-line method will be 566375553125$54125559250 Suppose that Ivanhoe acquires land for $84000 cash. Additional costs are as follows. Ivanhoe will record the acquisition cost of the land as $84000 585920 $88320 $87920
two different questions
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