This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Edelweiss Tours purchased a new tour bus for 36,000. Shipping charges were 1,800 and other costs ... (Read 86 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
on: Jun 24, 2018
Edelweiss Tours purchased a new tour bus for 36,000. Shipping charges were 1,800 and other costs associated with the bus amounted to 620. The bus is expected to last 4 years and has a residual value of 4,000. Lion elects to use the straight-line method of depreciation. a. What is the amount of total depreciation? b. What is the amount of the annual depreciation?

Question 2

What was the trade discount rate if merchandise with a list price of 85,100 was sold at a net price of 63,825?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rosiehomeworddo

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 34,420
b. 8,605

Answer to Question 2

25


a0266361136

  • Member
  • Posts: 538
Reply 2 on: Jun 24, 2018
:D TYSM

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Health Care Costs for the Elderly and Disabled Health Care Costs for the Elderly and Disabled
Should We Prolong Life at all Costs? Should We Prolong Life at all Costs?
How to calculate fuel costs How to calculate fuel costs
Tuition Costs Tuition Costs
Rapidly decreasing sequence costs have enabled the rapid expansion Rapidly decreasing sequence costs have enabled the rapid expansion
Video: How to make cDNA Animation

For a complete list of videos, visit our video library