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Author Question: The Fluffy Coin Laundry purchased new dryers for 112,000. Freight charges were 640, and installation ... (Read 490 times)

nevelica

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on: Jun 24, 2018
The Fluffy Coin Laundry purchased new dryers for 112,000. Freight charges were 640, and installation amounted to 1,200. The dryers are expected to last 5 years and have a residual value of 4,000. The laundry elects to use the double-declining method of depreciation. What is the depreciation for year 2? (Round to the nearest dollar)

Question 2

B & B Auto Parts offers wholesalers a series discount of 35/20/10. Ron Clark buys 18,600 merchandise at list. a. What is the single equivalent discount? b. What is the net price Ron Clark will pay for the merchandise?


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phuda

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

27,322

Answer to Question 2

a. 0.532
b. 8,704.80


nevelica

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

parshano

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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