This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Malvern Contractors purchased a new bull-dozer for 85,000. Shipping charges were 1,500 and other ... (Read 66 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jun 24, 2018
Malvern Contractors purchased a new bull-dozer for 85,000. Shipping charges were 1,500 and other costs associated with the bull-dozer amounted to 925. The bull-dozer is expected to last 5 years and has a residual value of 10,000. Malvern elects to use the straight-line method of depreciation. a. What is the amount of total depreciation? b. What is the amount of the annual depreciation?

Question 2

The term used in quoting shipping charges that means free on board or freight on board is F.O.B.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

alexisweber49

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 77,425
b. 15,485

Answer to Question 2

TRUE


asmith134

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 24, 2018
Thank you :)


alexisweber49

  • Sr. Member
  • ****
  • Posts: 311
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Electric Charges Electric Charges
Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ... Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ...
effect of pH on ionization and charges of amines and carboxylic acid effect of pH on ionization and charges of amines and carboxylic acid
An example of the shipping paper used in over-the-road transportation. An example of the shipping paper used in over-the-road transportation.
Front Panel on Sound Box of the Great Lyre with Bull’s Head Front Panel on Sound Box of the Great Lyre with Bull’s Head
An antique painting is purchased in 1980 for $995. The value increases by 3.1% e An antique painting is purchased in 1980 for $995. The value increases by 3.1% e
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library