Answered You can hire a professional tutor to get the answer.
) A machine now in use was purchased four years ago at a cost of $30000.It has a book value of $8801.
1.) A machine now in use was purchased four years ago at a cost of $30000.It has a book value of $8801.It can be sold for $10000,but it could be used for three more years, at the end of which time, it would have no salvage value. What is the current amount of economic depreciation for this asset?
The amount of economic depreciation is _____________ (Round to the nearest dollar.)
2.) To automate one of its production processes, the Milwaukee Corporation bought four flexible manufacturing cells at a price of $530000 each. When they were delivered, Milwaukee paid freight charges of $21000 and handling fees of $17000 . Site preparation for these cells cost $35000 . Six foremen, each earning $16 an hour, worked five 40-hour weeks to set up and test the manufacturing cells. Special wiring and other materials applicable to the new manufacturing cells cost $4200 . Determine the cost basis (amount to be capitalized) for these cells.
The cost basis for these cells is $_____________ (Round to the nearest dollar.)