« previous next »

Author Question: Fernando's Grocery purchased a new cooler for the produce department for 28,000. Shipping charges ... (Read 114 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?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ... As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ...
The primary response causes B cells to produce memory B cells and a few antibodies. The second ... The primary response causes B cells to produce memory B cells and a few antibodies. The second ...
Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ... Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ...
Hydrogen burns to produce energy and water Hydrogen burns to produce energy and water
The Accessory Organs The liver, gallbladder, and pancreas produce digestive secretions that flow The Accessory Organs The liver, gallbladder, and pancreas produce digestive secretions that flow
Three point charges lie on the x x axis. Charge 1 (+9.9 μC μ C ) is at the origin, ... Three point charges lie on the x x axis. Charge 1 (+9.9 μC μ C ) is at the origin, ...
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library