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Author Question: Rock Industries purchased a piece of equipment for 171,500. The installation and shipping charges ... (Read 143 times)

crazycityslicker

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on: Jun 24, 2018
Rock Industries purchased a piece of equipment for 171,500. The installation and shipping charges were 8,500. They expect the equipment to be used for 8 years and have no residual value. Rock Industries elects to use the sum-of-the-years' digits method of depreciation. What is the amount of accumulated depreciation by the end of the third year?

Question 2

Joan Cash ordered candy from her supplier with a net price of 624, terms of sale of 2/15, n/45. What is the net amount due if the bill is paid by the 15th day?


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itsakadoozi

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Reply #1 on: Jun 24, 2018
Answer to Question 1

105,000

Answer to Question 2

611.52


crazycityslicker

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

scottmt

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Reply 3 on: Yesterday
:D TYSM

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