Bent Tree Golf Club purchased a new fleet of golf carts for 92,900. They are expected to have a 10 year useful life and a trade-in value of 10,000. Using the 150 declining-balance method of depreciation, what is the book value at the end of the first year?
Question 2
The Rapid Printing Company can purchase paper from Roberts Supply and receive a series discount of 20/15/10, or they can do business with National Paper Company and receive a series discount of 25/10/8. a. Which supplier offers the better deal? b. If Rapid ordered paper for a list price of 36,000, how much would they save by choosing the lower-priced supplier?