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

Author Question: Joseph Engineering purchased a new stamping machine for 175,000 with a salvage value of 14,200. The ... (Read 154 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jun 24, 2018
Joseph Engineering purchased a new stamping machine for 175,000 with a salvage value of 14,200. The machine is expected to have a useful life of 600,000 units of production. At the end of year 5, the machine had produced 580,000 units. In year 6, it produced 116,000 units. What was the amount of depreciation for year 6?

Question 2

Diane's Pottery Shop orders china from a supplier for 240 including 30 freight charges. The terms of sale are 3/10, n/30 ROG. The china arrives on November 21 and Diane wants to take advantage of the cash discount. a. By what date must the invoice be paid to take advantage of the discount? b. As the bookkeeper for Diane's how much will you send the supplier?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 24, 2018
Answer to Question 1

5,360

Answer to Question 2

a. December 1
b. 233.70


jrubin

  • Member
  • Posts: 552
Reply 2 on: Jun 24, 2018
:D TYSM

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

fMRI Machine It is not until after toddlerhood that most children can lie still long enough to have fMRI Machine It is not until after toddlerhood that most children can lie still long enough to have
James A. Garfield lies mortally wounded. After failing to locate the bullet, surgeons called in Alex James A. Garfield lies mortally wounded. After failing to locate the bullet, surgeons called in Alex
How to write any number in engineering notation How to write any number in engineering notation
Genetic Engineering plant breeding Genetic Engineering plant breeding
Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ... Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ...
The Gene Expression Machine Model for Coupling The Gene Expression Machine Model for Coupling
Video: Regulation of GFR: autoregulation via tubuloglomerular feedback, neural & hormonal regulation

For a complete list of videos, visit our video library