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 88 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
Thanks for the timely response, appreciate it

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
Georges de La Tour, Joseph the Carpenter. Georges de La Tour, Joseph the Carpenter.
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 ...
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
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: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library