Question: 23) Assume the same information as in problem 22. How much depreciation expense will be recorded will be recorded in 20177 a. 15,000 b. 17,000

23) Assume the same information as in problem 22. How much

23) Assume the same information as in problem 22. How much depreciation expense will be recorded will be recorded in 20177 a. 15,000 b. 17,000 c. 18,000 d. 20,000 24) Which of the following costs are not included in calculating the acquisition cost of a fixed asset? a. Purchase Price b. Trial Runs c. Closing Costs to Real Estate Agent d. Regular Maintenance 25) Company X purchased a machine for $40,000 with a residual value of $3,000. The useful life of the machine was 4 years. What is Company X's depreciable cost? a. $37,000 b. $3,000 c. $43,000 d. $40,000

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