9 - 1 Corrieten Company purchased equipment and incurred...

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1. Corrieten Company purchased equipment and incurred these costs: What amount should be recorded as the cost of the equipment? A. $24,00 0. B. $25,200. C. $25,400. D. $25,800. 2. Harrington Corporation recently leased a number of trucks from Andre Corporation. In inspecting the books of Harrington Corporation, you notice that the trucks have not been recorded as assets on its balance sheet. From this you can conclude that Harrington is accounting for this transaction as a(n): 3. Depreciation is a process of:
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4. Cuso Company purchased equipment on January 1, 2009, at a total invoice cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. What is the amount of accumulated depreciation at December 31, 2010, if the straight-line method of depreciation is used? 0.
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