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?
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