Author Question: Sutton Fabricators purchased 50 executive desks for 3,500. Delivery costs totaled 98 and handling ... (Read 105 times)

tth · **on:** Jun 24, 2018

Sutton Fabricators purchased 50 executive desks for 3,500. Delivery costs totaled 98 and handling costs were 59. The salvage value is 375 after 5 years. Using the double-declining-balance method, calculate the book value at the end of year 2. (Round the declining-balance rate to 4 decimal places, and all dollar amounts to the nearest cent)
A) 877.68
B) 2,340.48
C) 1,316.52
D) 789.91

Question 2

What word is represented by the abbreviation: pt