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

Author Question: Jay's Sport Shop purchased new shelving and display cases costing 48,000. The installation charges ... (Read 165 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jun 24, 2018
Jay's Sport Shop purchased new shelving and display cases costing 48,000. The installation charges were 4,000 and they expect a residual value of 8,000 after 5 years. Jay will use the double-declining-balance method of depreciation. a. What is the amount of total depreciation? b. What will the book value of the cases be at the end of 5 years?

Question 2

Price Company received an invoice in the amount of 3,800 dated May 24 for merchandise they purchased. The terms of the sale are 3/15, 2/30, n/45. What payment should be made if the invoice is paid on June 20?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katkat_flores

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 44,000
b. 8,000

Answer to Question 2

3,724


rosent76

  • Member
  • Posts: 516
Reply 2 on: Jun 24, 2018
Wow, this really help

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Blood glucose measurement. A postprandial test may be self-administered. (a) A lance pierces the ski Blood glucose measurement. A postprandial test may be self-administered. (a) A lance pierces the ski
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Electric Charges Electric Charges
A scope display showing a normal Chevrolet Equinox MAF sensor at idle speed. the frequency is 2,600 ... A scope display showing a normal Chevrolet Equinox MAF sensor at idle speed. the frequency is 2,600 ...
A typical fuel tank installation. A typical fuel tank installation.
Display Rules Display Rules
Video: What are Strong & Weak Acids and How they're different?

For a complete list of videos, visit our video library