Author Question: Lazer Incorporated purchased a delivery van for 29,000. Its useful life is estimated as 5 years, ... (Read 77 times)

scienceeasy · **on:** Jun 24, 2018

Lazer Incorporated purchased a delivery van for 29,000. Its useful life is estimated as 5 years, with a salvage value of 2,000. Using the sum-of-the-years' digits depreciation method, calculate the book value at the end of year 3.
A) 5,400
B) 7,400
C) 12,800
D) 21,600

Question 2

Dante's Wholesaler buys some goods with a list price of 4,400. The supplier extends a 10.25 trade discount to a customer. What is the amount of the trade discount?
A) 535.00
B) 3,949.00
C) 451.00
D) 722.25