Author Question: On January 1, 2011, Swinger, Inc. purchases a batting machine for 240,000 that has an estimated ... (Read 138 times)

mwit1967 · **on:** Jul 5, 2018

On January 1, 2011, Swinger, Inc. purchases a batting machine for 240,000 that has an estimated useful life of 5 years and an expected residual value of 20,000. Calculate the amount of accumulated depreciation at December 31, 2012.

A) 48,000
B) 88,000
C) 172,000
D) 152,000

Question 2

The value of ending inventory using LIFO is
a. 1,250
b. 1,350
c. 1,375
d. 1,150