On January 1, 2014, Major purchased a machine that had an estimated useful life of six years and $5,000 residual value. The depreciation on this machine was $2,700 in 2015 using the 150%-declining-balance depreciation method.
Required:
Compute the cost of this machine.

Question

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The Answer of On January 1, 2014, Major purchased a machine that had an estimated useful life of six years and $5,000 residual value. The depreciation on this machine was $2,700 in 2015 using the 150%-declining-balance depreciation method.
Required:
Compute the cost of this machine.

On January 1, 2014, Major Purchased a Machine That Had