« previous next »

Author Question: Fernando's Grocery purchased a new cooler for the produce department for 28,000. Shipping charges ... (Read 74 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Jun 24, 2018
Fernando's Grocery purchased a new cooler for the produce department for 28,000. Shipping charges were 800 and installation charges amounted to 1,280. The cooler is expected to last for 6 years and have a trade-in value of 2,000. Max will use the straight-line method of depreciation. a. What is the amount of accumulated depreciation after the second year? b. What is the book value of the cooler after the fifth year?

Question 2

Brian Leshner buys produce in quantity from the Middle States Produce Co He receives a 25/20/10 series of trade discounts. What is the net price factor for this series of trade discounts?


cam1229

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 9,360
b. 6,680

Answer to Question 2

0.54


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Furchgott's discovery that endothelial cells produce a vasodilating substance. Furchgott's discovery that endothelial cells produce a vasodilating substance.
A single crossover cannot produce a viable recombinant A single crossover cannot produce a viable recombinant
Table of Ionic Charges Table of Ionic Charges
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ... A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library