fully-automated Girl Scouts of America is introducing a new type of cookie that will be baked using cookie-making machinery that has a working life of 7 years. The new cookie-making machinery costs $20,787 to purchase. Installation costs will be $3,856. They will also reconfigure their existing factory at a cost of $3,475, and when they do, they All TL DEL

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Girl Scouts of America is introducing a new type of
cookie that will be baked using fully-automated
cookie-making machinery that has a working life of 7
years. The new cookie-making machinery costs
$20,787 to purchase. Installation costs will be
$3,856. They will also reconfigure their existing
factory at a cost of $3,475, and when they do, they
will start an ad campaign with a value of $2,856. The
annual depreciation from this project will be equal to
$__________ (round your answer to two decimal places)
Transcribed Image Text:Girl Scouts of America is introducing a new type of cookie that will be baked using fully-automated cookie-making machinery that has a working life of 7 years. The new cookie-making machinery costs $20,787 to purchase. Installation costs will be $3,856. They will also reconfigure their existing factory at a cost of $3,475, and when they do, they will start an ad campaign with a value of $2,856. The annual depreciation from this project will be equal to $__________ (round your answer to two decimal places)
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