ICS buys equipment for $500,000. ICS estimates no residual value for the machine. ICS pays $250,000 as a down payment and borrows the other $250,000. They pay $10,000 of interest on that loan in the current year. In addition, ICS pays $1,000 to have the equipment shipped to the ICS facility and $8,200 to install the equipment. 

What is the depreciable cost of the equipment?

Answer rating: 100% (QA)

The depreciable cost of the equipment is the total cost of the equipment minus any salv... View the full answer