On January 1, 2013, 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 2013?

Question

On January 1, 2013, 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 2013?

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The Answer of On January 1, 2013, 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 2013?

On January 1, 2013, BigBen Purchased a Machine, Incurring the Expenditures