Author Question: Trinitron, Inc purchased a new molding machine for 85,000. The company paid 8,000 for shipping and ... (Read 156 times)

nevelica · **on:** Jul 10, 2018

Trinitron, Inc purchased a new molding machine for 85,000. The company paid 8,000 for
shipping and another 7,000 to get the machine integrated with the company's existing assets.

Trinitron must maintain a supply of special lubricating oil just in case the machine breaks down.
The company purchased a supply of oil for 4,000. The machine is to be depreciated on a
straight-line basis over its expected useful life of 8 years. What will depreciation expense be during
the first year?
A) 12,500 B) 11,500 C) 13,000 D) 11,625

Question 2

Selection of a source of short-term financing should include all of the following EXCEPT

A) the effect of the use of credit from a particular source on the cost and availability of other
sources of credit.
B) the effective cost of credit.
C) the floatation costs for debentures.
D) the availability of financing in the amount and for the time needed.
SAY. Write your answer in the space provided or on a separate sheet of paper.

Andromeda18 · **Reply #1 on:** Jul 10, 2018

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