Machinery was purchased for $380000. Freight charges amounted to $16000 and there was a cost of $30000 for building a foundation and installing the machinery. It is estimated that the machinery will have a $50000 salvage value at the end of its 4-year useful life. Depreciation expense each year using the straight-line method will be
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The introductory APR is the interest rate that the loan or credit card starts out at..(usually a promotional tool)and the standard rate is what the rate normally is.. the set rate
Explanation: