Author Question: The price of a railroad engine purchased by the Kenneth family for their business was 2,250. Prepare ... (Read 85 times)

jazziefee · **on:** Jun 24, 2018

The price of a railroad engine purchased by the Kenneth family for their business was 2,250. Prepare a depreciation schedule using the MACRS (Modified Accelerated Cost Recovery System) method and calculate the accumulated depreciation at the end of year 3. (Round all amounts to the nearest cent)
A) 393.53
B) 432.00
C) 258.12
D) 518.96

Question 2

Logan's Restaurant ordered 15 cases of tomato sauce with a list price of 17.25 each and 6 cases of tuna with a list price of 15.90 each. The wholesaler offered a 34 trade discount to Logan. What is the total net amount Logan owes to the wholesaler? (Round to the nearest cent)