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Author Question: Joseph Engineering purchased a new stamping machine for 175,000 with a salvage value of 14,200. The ... (Read 166 times)

jrubin

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on: Jun 24, 2018
Joseph Engineering purchased a new stamping machine for 175,000 with a salvage value of 14,200. The machine is expected to have a useful life of 600,000 units of production. At the end of year 5, the machine had produced 580,000 units. In year 6, it produced 116,000 units. What was the amount of depreciation for year 6?

Question 2

Diane's Pottery Shop orders china from a supplier for 240 including 30 freight charges. The terms of sale are 3/10, n/30 ROG. The china arrives on November 21 and Diane wants to take advantage of the cash discount. a. By what date must the invoice be paid to take advantage of the discount? b. As the bookkeeper for Diane's how much will you send the supplier?


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manuelcastillo

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Reply #1 on: Jun 24, 2018
Answer to Question 1

5,360

Answer to Question 2

a. December 1
b. 233.70


jrubin

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Reply 2 on: Jun 24, 2018
Excellent

aliotak

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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