Lazer Incorporated purchased a delivery van for 29,000. Its ...

[scienceeasy]

Lazer Incorporated purchased a delivery van for 29,000. Its useful life is estimated as 5 years, with a salvage value of 2,000. Using the sum-of-the-years' digits depreciation method, calculate the book value at the end of year 3.
 A) 5,400
  B) 7,400
  C) 12,800
  D) 21,600

Question 2

Dante's Wholesaler buys some goods with a list price of 4,400. The supplier extends a 10.25 trade discount to a customer. What is the amount of the trade discount?
 A) 535.00
  B) 3,949.00
  C) 451.00
  D) 722.25

[janeli1]

Answer to Question 1

B

Answer to Question 2

C

[scienceeasy]

Excellent

[bitingbit]

Thanks for the timely response, appreciate it