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Author Question: Malvern Contractors purchased a new bull-dozer for 85,000. Shipping charges were 1,500 and other ... (Read 80 times)

asmith134

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on: Jun 24, 2018
Malvern Contractors purchased a new bull-dozer for 85,000. Shipping charges were 1,500 and other costs associated with the bull-dozer amounted to 925. The bull-dozer is expected to last 5 years and has a residual value of 10,000. Malvern 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

The term used in quoting shipping charges that means free on board or freight on board is F.O.B.
  Indicate whether the statement is true or false


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alexisweber49

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

a. 77,425
b. 15,485

Answer to Question 2

TRUE


asmith134

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Reply #2 on: Jun 24, 2018
Thank you :)


alexisweber49

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Reply #3 on: Jun 24, 2018
Happy to help you


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