Question: On July 1 , 2 0 2 1 , Hines Co . purchased 1 0 computers with an invoice price of $ 5 0 ,

On July 1,2021, Hines Co. purchased 10 computers with an invoice

On July 1,2021, Hines Co. purchased 10 computers with an invoice price of $50,000. Other costs incurred were sales tax $2,100, Freight $300, installation of $2,300, testing of $300, prepaid insurance to cover the computers; $3,600. The computers are estimated to have a 5 year life and $5,000 salvage value.
Instructions:
b. What is depreciation for 2021 if the company uses straight-line depreciation?
price of $50,000. Other costs incurred were sales tax $2,100, Freight $300,

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