Pearson Company bought a machine on January 1, 2017. The machine cost $180,000 and had an expected salvage value of $30,000. The life of the machine was estimated to be 5 years. The depreciation expense using the straight-line method of depreciation is Answers: $50,000.   $36,000.   $30,000.   $42,000.

College Accounting, Chapters 1-27
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Author:HEINTZ, James A.
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Chapter18: Accounting For Long-term Assets
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Pearson Company bought a machine on January 1, 2017. The machine cost $180,000 and had an expected salvage value of $30,000. The life of the machine was estimated to be 5 years. The depreciation expense using the straight-line method of depreciation is

Answers:

$50,000.

 

$36,000.

 

$30,000.

 

$42,000.

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