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Author Question: Lazer Incorporated purchased a delivery van for 29,000. Its useful life is estimated as 5 years, ... (Read 46 times)

scienceeasy

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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


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janeli1

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

B

Answer to Question 2

C


scienceeasy

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Reply 2 on: Jun 24, 2018
Excellent

Dnite

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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