On January 1, 2010, Graham Company purchased a new machine for $2,100,000.The new machine has an estimated useful life of nine years and the residual value was estimated to be $75,000.Depreciation was computed on the sum-of-the-years'-digits method.What amount should be shown in Graham's balance sheet at December 31, 2011, net of accumulated depreciation, for this machine?

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The Answer of On January 1, 2010, Graham Company purchased a new machine for $2,100,000.The new machine has an estimated useful life of nine years and the residual value was estimated to be $75,000.Depreciation was computed on the sum-of-the-years'-digits method.What amount should be shown in Graham's balance sheet at December 31, 2011, net of accumulated depreciation, for this machine?

On January 1, 2010, Graham Company Purchased a New Machine