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Using the Straight line method calculate the depreciation in the annual depreciation expenses and following...

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Accounting

Using the Straight line method calculate the depreciation in the annual depreciation expenses and following scenario:
MLB Co. bought a heavy duty machinery for its production on August 2,2008 at a price of $200,000 with credit terms of 210,n30. In order to
purchase this machinery, MLB has to incur the following additional expenses on the same date: Sale tax of 15%
Transportation charges of $5,000; and Installation charges of $8,000.00. The Company paid for the equipment within the first 30 days. It is the
company policy to depreciate the machinery over the 10 years. This machine has a scrape value of $10,000. JK closes its accounting year on December
31 each year.
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