Fernando's Grocery purchased a new cooler for the produce department for 28,000. Shipping charges were 800 and installation charges amounted to 1,280. The cooler is expected to last for 6 years and have a trade-in value of 2,000. Max will use the straight-line method of depreciation. a. What is the amount of accumulated depreciation after the second year? b. What is the book value of the cooler after the fifth year?
Question 2
Brian Leshner buys produce in quantity from the Middle States Produce Co He receives a 25/20/10 series of trade discounts. What is the net price factor for this series of trade discounts?
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