7.
On January 3, 2013, Munoz Co. purchased machinery. The machinery has an
estimated useful life of eight years and an estimated residual value of $30,000. The
depreciation applicable to this machinery was $65,000 for 2015, computed by the
sum-of-the-years'-digits method. The acquisition cost of the machinery was
A
$360,000.
C
$420,000.
B $390,000.
D
$468,000.