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Author Question: East Park Corporation purchased a new playground set for 35,500. Freight and installation charges ... (Read 118 times)

student77

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on: Jun 24, 2018
East Park Corporation purchased a new playground set for 35,500. Freight and installation charges amounted to 3,100. For depreciation purposes, the playground set is expected to have a useful life of 27,000 hours and an estimated salvage value of 4,100. What is the depreciation per unit? (Round to the nearest cent)

Question 2

Ace Formalwear buys tuxedos from a supplier and has an invoice amount of 27,700. The terms of the sale are 3/20, n/30. If Ace sends a partial payment of 7,400 on the discount date, what is the net amount still due?


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meow1234

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

1.28 per hour

Answer to Question 2

20,071.13


student77

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Reply 2 on: Jun 24, 2018
Excellent

dreamfighter72

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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