Summer leisure Unlimited purchased a color laser printer for ...

[awywial]

Summer leisure Unlimited purchased a color laser printer for 1,194. Delivery costs totaled 47 and handling costs were 77. The useful life is 5 years and the salvage value is 298. Using the sum-of-the-years' digit depreciation method, calculate the book value at the end of year 2.
 A) 408
  B) 582
  C) 612
  D) 706

Question 2

Awesome Software purchases programs from Apple Inc, with an invoice price of 14,900 and terms of sale of 3/15, n/30. What is the net amount due on the order if a partial payment of 2,000 is made on the 15th day?
 A) 12,900.00
  B) 12,838.14
  C) 2,061.85
  D) 1,200.00

[whitcassie]

Answer to Question 1

D

Answer to Question 2

B