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Author Question: OverRoads Van Lines purchased an over-the-road tractor for 181,880. Use MACRS and Tables 17-1 and ... (Read 45 times)

meagbuch

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on: Jun 24, 2018
OverRoads Van Lines purchased an over-the-road tractor for 181,880. Use MACRS and Tables 17-1 and 17-2 from your text to find the book value at the end of year 3. (Round to the nearest dollar)

Question 2

Ring Fencing Company purchases wood in large quantities and receives trade discounts of 25/10 from their wholesaler. On May 15, Ring purchased lumber having a list price of 45,000. The terms of the sale were 2/10, n/30. What is the amount of the payment sent on May 25?


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honnalora

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

13,477

Answer to Question 2

29,767.50


meagbuch

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


honnalora

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


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