Author Question: Forest Agricultural Products purchased new equipment for 359,700 to process tree top oil products. ... (Read 94 times)

ts19998 · **on:** Jun 24, 2018

Forest Agricultural Products purchased new equipment for 359,700 to process tree top oil products. Using MACRS and Tables 17-1 and 17-2 from your text, what is the accumulated depreciation at the end of year 8? (Round to the nearest dollar)

Question 2

Shiva Electronics received an invoice dated July 15 in the amount of 2,300, which included freight charges of 205. The terms of sale were 3/10, n/45. 360 of the merchandise was damaged in transit and must be returned. What is the amount due if paid on July 25?