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Author Question: Edelweiss Tours purchased a new tour bus for 36,000. Shipping charges were 1,800 and other costs ... (Read 65 times)

a0266361136

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on: Jun 24, 2018
Edelweiss Tours purchased a new tour bus for 36,000. Shipping charges were 1,800 and other costs associated with the bus amounted to 620. The bus is expected to last 4 years and has a residual value of 4,000. Lion elects to use the straight-line method of depreciation. a. What is the amount of total depreciation? b. What is the amount of the annual depreciation?

Question 2

What was the trade discount rate if merchandise with a list price of 85,100 was sold at a net price of 63,825?


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rosiehomeworddo

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

a. 34,420
b. 8,605

Answer to Question 2

25


a0266361136

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

bigsis44

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Reply 3 on: Yesterday
Wow, this really help

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