Pearl Corporation acquired manufacturing machinery on January 1 for $9,000. Duri...
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Pearl Corporation acquired manufacturing machinery on January 1 for $9,000. During the year, the
machine produced 1,000 units, of which 600 were sold. There was no work-in-process inventory at
the beginning or at the end of the year. Installation charges of $300 and delivery charges of $200
were also incurred. The machine is expected to have a useful life of five years with an estimated
salvage value of $1,500. Pearl uses the straight-line depreciation method. The original cost of the
machinery to be recorded in Pearl's books is
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