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Author Question: Fernando's Grocery purchased a new cooler for the produce department for 28,000. Shipping charges ... (Read 106 times)

sammy

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on: Jun 24, 2018
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?


cam1229

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

a. 9,360
b. 6,680

Answer to Question 2

0.54


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