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

Author Question: Reese Hardware purchased a new industrial size tool maker for 19,600. Shipping charges were 300 and ... (Read 28 times)

gonzo233

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
Reese Hardware purchased a new industrial size tool maker for 19,600. Shipping charges were 300 and installation amounted to 480. The tool maker is estimated to have a 5 year life and a residual value of 1,000. Reese elects to use the sum-of-the years' digits method. a. What is the depreciation rate fraction for year 1? b. What is the amount of depreciation for year 2?

Question 2

Find the net price for an order of merchandise with a list price of 19,000 less trade discounts of 35/25/15. Use the net price, complement method.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 5/15
b. 5,168

Answer to Question 2

7,873.13


gonzo233

  • Member
  • Posts: 557
Reply 2 on: Jun 24, 2018
:D TYSM

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

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

Cranial Nerves Memory Tool Cranial Nerves Memory Tool
Encephalization is a function of both brain size and body size. Encephalization is a function of both brain size and body size.
Amid fears that Japanese Americans were “enemies within” who would sabotage industrial and ... Amid fears that Japanese Americans were “enemies within” who would sabotage industrial and ...
A typical beginning technician tool set that includes the basic tools to get started. A typical beginning technician tool set that includes the basic tools to get started.
A typical large tool box, showing just one of many drawers. A typical large tool box, showing just one of many drawers.
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, ...
Video: Polymerase chain reaction PCR - Animation

For a complete list of videos, visit our video library