« previous next »

Author Question: Loaner Industries purchased a road tractor for 56,800. Prepare a depreciation schedule using the ... (Read 66 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jun 24, 2018
Loaner Industries purchased a road tractor for 56,800. Prepare a depreciation schedule using the MACRS (Modified Accelerated Cost Recovery System) method, then enter the book value at the end of year 3 as your answer. (Round all amounts to the nearest cent)

Question 2

A photo shop buys some merchandise with an invoice date of March 25. The terms of sale are 3/10, n/30. Find the discount date.


nmyers

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 24, 2018
Answer to Question 1

4,208.88

Answer to Question 2

4-Apr


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Deforestation and increased road-building in the Amazon Rainforest are a significant concern because Deforestation and increased road-building in the Amazon Rainforest are a significant concern because
Tractor beam Tractor beam
L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh
An appointment schedule with a completed matrix. An appointment schedule with a completed matrix.
Example of a cycle billing schedule. Example of a cycle billing schedule.
Productivity in Selected Industries in the Early 1990s Productivity in Selected Industries in the Early 1990s
Video: Acid-base imbalances - compensation of metabolic acidosis and alkalosis

For a complete list of videos, visit our video library