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

Author Question: Edelweiss Tours purchased a new tour bus for 36,000. Shipping charges were 1,800 and other costs ... (Read 84 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
on: Jun 24, 2018
Edelweiss Tours purchased a new tour bus for 36,000. Shipping charges were 1,800 and other costs associated with the bus amounted to 620. The bus is expected to last 4 years and has a residual value of 4,000. Lion elects to use the straight-line method of depreciation. a. What is the amount of total depreciation? b. What is the amount of the annual depreciation?

Question 2

What was the trade discount rate if merchandise with a list price of 85,100 was sold at a net price of 63,825?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rosiehomeworddo

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 34,420
b. 8,605

Answer to Question 2

25


a0266361136

  • Member
  • Posts: 538
Reply 2 on: Jun 24, 2018
:D TYSM

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
Should We Prolong Life at all Costs? Should We Prolong Life at all Costs?
Electric Charges Electric Charges
effect of pH on ionization and charges of amines and carboxylic acid effect of pH on ionization and charges of amines and carboxylic acid
B. Georges de la Tour The Education of the Virgin B. Georges de la Tour The Education of the Virgin
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library