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1 Trinitron, Inc. purchased a new molding machine for $85,000.

Question : 1 Trinitron, Inc. purchased a new molding machine for $85,000. : 1277

1 Trinitron, Inc. purchased a new molding machine for $85,000. The company paid $8,000 for shipping and another $7,000 to get the machine integrated with the company's existing assets. Trinitron must maintain a supply of special lubricating oil just in case the machine breaks down. The company purchased a supply of oil for $4,000. The machine is to be depreciated on a straight-line basis over its expected useful life of 8 years. What will depreciation expense be during the first year?

a. $13,000

b. $12,500

c. $11,625

d. $11,500

 

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