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Author Question: The price of a public address system purchased by a local town hall was 42,500. It cost 2,100 for ... (Read 102 times)

brutforce

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on: Jun 24, 2018
The price of a public address system purchased by a local town hall was 42,500. It cost 2,100 for delivery. The salvage value at the end of 4 years is 7,500. Using the straight-line depreciation method, calculate the annual depreciation for year 3.
 A) 9,324.50
  B) 10,365.75
  C) 11,368.20
  D) 9,275.00

Question 2

A new business receives an invoice for merchandise on August 9. The terms of the sale are 12/10, n/30. If the manager elects to take the cash discount, what is the discount date?
 A) August 19
  B) August 18
  C) August 21
  D) August 17


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miss.ashley

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

D

Answer to Question 2

A


brutforce

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

irishcancer18

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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