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Author Question: A metal-polishing machine purchased by Mike Steel, Inc should last 3 years. The purchase price was ... (Read 122 times)

joblessjake

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on: Jun 24, 2018
A metal-polishing machine purchased by Mike Steel, Inc should last 3 years. The purchase price was 36,300. Shipping costs were 363 and initial setup charges were 726. The trade-in value is 11,024. Prepare a depreciation schedule using the 125 declining balance method, then enter the accumulated depreciation at the end of year 2 as your answer. (Round the declining balance rate to 4 decimal places, and all dollar amounts to the nearest cent)

Question 2

Greybar Electric receives an invoice for an order of wire dated March 16, with terms 3/15, 20 Extra. What is the discount date?


Toya9913

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

24,667.81

Answer to Question 2

20-Apr


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joblessjake

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Reply #2 on: Jun 24, 2018
Thank you


Toya9913

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Reply #3 on: Jun 24, 2018
No problemo


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