This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Malvern Contractors purchased a new bull-dozer for 85,000. Shipping charges were 1,500 and other ... (Read 70 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

alexisweber49

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 77,425
b. 15,485

Answer to Question 2

TRUE


asmith134

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 24, 2018
Thank you :)


alexisweber49

  • Sr. Member
  • ****
  • Posts: 311
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Bull Terrier (Miniature) Bull Terrier (Miniature)
Staffordshire Bull Terrier Staffordshire Bull Terrier
Noid lights are usually purchased as an assortment so that one is available for any type or size ... Noid lights are usually purchased as an assortment so that one is available for any type or size ...
An example of the shipping paper used in over-the-road transportation. An example of the shipping paper used in over-the-road transportation.
Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ... Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ...
Video: Skin Cancer

For a complete list of videos, visit our video library