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

Author Question: Jay's Sport Shop purchased new shelving and display cases costing 48,000. The installation charges ... (Read 84 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jun 24, 2018
Jay's Sport Shop purchased new shelving and display cases costing 48,000. The installation charges were 4,000 and they expect a residual value of 8,000 after 5 years. Jay will use the double-declining-balance method of depreciation. a. What is the amount of total depreciation? b. What will the book value of the cases be at the end of 5 years?

Question 2

Price Company received an invoice in the amount of 3,800 dated May 24 for merchandise they purchased. The terms of the sale are 3/15, 2/30, n/45. What payment should be made if the invoice is paid on June 20?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katkat_flores

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 44,000
b. 8,000

Answer to Question 2

3,724


rosent76

  • Member
  • Posts: 516
Reply 2 on: Jun 24, 2018
Wow, this really help

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Fred Wilson, Metalwork 1793–1880, from Mining the Museum: An Installation by Fred Wilson Fred Wilson, Metalwork 1793–1880, from Mining the Museum: An Installation by Fred Wilson
An air ratchet is a very useful tool that allows fast removal and installation of fasteners, ... An air ratchet is a very useful tool that allows fast removal and installation of fasteners, ...
A typical fuel tank installation. A typical fuel tank installation.
Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ... Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ...
The vehicle’s fuel pump is disabled by removing its relay or fuse. In some cases, it may be ... The vehicle’s fuel pump is disabled by removing its relay or fuse. In some cases, it may be ...
Polio eradication campaign in Georgia in the 1950s. In the 1950s, 20,000 cases of polio occurred ... Polio eradication campaign in Georgia in the 1950s. In the 1950s, 20,000 cases of polio occurred ...
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library