Question 4 (0.5 points)
Herasa Manufacturing purchased a new machine on Jan 1, 20X1 that was built to perform one function on its assembly line. Data pertaining to this new machine are:
Cost $580.000
Residual value (salvage) $14.000 Estimated service life 5 years
Production output 300,000 units
Using straight-line method, what is the annual depreciation expense?
Enter your response rounded to whole numbers, no commas and no dollar signs.
Your Answer:
Answer
Question 5 (0.5 points)
Crafty Inc borrowed $10.000 with a five-year 7.32% annual interest rate on 10/1/20X1. On their year-end financial statements dated 12/31/20X1. what amount should be reflected for mteres
expense?
u – – …Ukm li rnmitlAI and without dollar signs.