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Author Question: Walter Manufacturing purchased a new machine with a total cost of 314,000. The machine is expected ... (Read 577 times)

mwit1967

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on: Jun 24, 2018
Walter Manufacturing purchased a new machine with a total cost of 314,000. The machine is expected to have a useful life of 8 years and a trade-in value of 26,000. If Walter uses the double-declining-balance method of depreciation, what will the accumulated depreciation be at the end of year 3? (Round to the nearest dollar)

Question 2

What payment should be made on an invoice in the amount of 625, dated March 7, if the terms of sale are 3/15, 2/30, n/45, and the bill is paid on April 3?


Ahernandez18

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

181,531

Answer to Question 2

612.5


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