Clear Restorations purchased a floor machine for 10,520. Delivery ...

[savannahhooper]

Clear Restorations purchased a floor machine for 10,520. Delivery costs totaled 1,250. The salvage value is 1,350 after 8 years. Using the straight-line depreciation method, calculate the book value at the end of year 5.
 A) 1,302.50
  B) 5,257.50
  C) 6,512.50
  D) 7,525.50

Question 2

Tamara Muldoon received an invoice dated October 25th with terms of 2/10, n/30 EOM. If Tamara wishes to pay the bill on the last day of the discount period, what date would she pay the invoice?
 A) December 10
  B) November 30
  C) November 4
  D) November 10

[rosiehomeworddo]

Answer to Question 1

B

Answer to Question 2

D

[savannahhooper]

Excellent

[scottmt]

Gracias!