Question: PART II. MULTIPLE CHOISE. ( 18 marks) Direction: Read the questions carefully and choose the correct option.( 2 marks each) 1. On January 2, Apple

PART II. MULTIPLE CHOISE. ( 18 marks)

Direction: Read the questions carefully and choose the correct option.( 2 marks each)

1. On January 2, Apple Company purchases factory machine at a cash price of $60,000. Related

expenditures are sales taxes $2,000, Insurance after the installation is $200, Installation and testing $1,000, Salvage value is $1,000. Useful life of the machine is 5 years.

a. Compute the cost component of the machine.

$63,200

$60,000

$63,000

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