On January 1st, 2002, the Grind Company purchased a machine for its production process. The cash price of the machine was $35,000. Related expenditures included shipping costs, $175; insurance during shipping, $75; installation and testing costs; $50; and $90 of oil and lubricant costs to be used on the machinery during its first year of operations. Grind estimates that the useful life of the machine is four years with a residual value of $5,000. In terms of activity, it estimates the useful life of the machine to be 25,000 units. Actual usage is as follows: for 2002, 6,500 units; for 2003, 7,500 units; for 2004, 6,000 units; and for 2005, 5,000 units.

1. Determine the capital cost of the machine on January 1, 2002.

answer; personality;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.