Business, 12.02.2020 06:01 SithLeo

Cominsky Company purchased a machine on July 1, 2021, for $28,000. Cominsky paid $200 in title fees and county property tax of $125 on the machine. In addition, Cominsky paid $500 shipping charges for delivery, and $475 was paid to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 6 years with a salvage value of $3,000.
Determine the depreciation base of Cominskyâ€™s new machine. Cominsky uses straight-line depreciation.

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Cominsky Company purchased a machine on July 1, 2021, for $28,000. Cominsky paid $200 in title fees...