On January 1,2019,BigBen purchased a machine,incurring the expenditures listed below.The machine had an estimated useful life of 10 years,and BigBen uses straight-line depreciation for its equipment.

What amount should be capitalized as the cost of the machinery for 2019?

Question

On January 1,2019,BigBen purchased a machine,incurring the expenditures listed below.The machine had an estimated useful life of 10 years,and BigBen uses straight-line depreciation for its equipment.

What amount should be capitalized as the cost of the machinery for 2019?

Quizplus · Accepted Answer

D)$100,000 + $15,000 + $10,000 + $30,000 = $155,000

On January 1,2019,BigBen Purchased a Machine,incurring the Expenditures Listed Below