Software Unlimited purchased a computer screen projector for 7,852. Delivery costs totaled 141 and handling costs were 196. The useful life is 5 years and the salvage value 1,334. Prepare a depreciation schedule using the sum-of-the-year's method, then enter the book value at the end of year 4 as your answer.
Question 2
On August 18, Sullivan Company received an invoice in the amount of 6,700, having terms of sale of 4/15 EOM. What is the discount date?