A Dodge Ram delivery truck purchased by Fresh Flowers is expected to last 3 years. The purchase price was 75,300. Shipping costs were 2,960. The trade-in value is 9,836. Prepare a depreciation schedule using the straight-line method, then enter the accumulated depreciation at the end of year 2 as your answer.
A) 35,684
B) 37,644
C) 51,576
D) 45,616
Question 2
Gadgets Inc, received an invoice from a supplier for raw materials that had a list price of 12,600.00. The supplier offered a series discount of 30/20/10 and terms of 2/10, n/30 ROG and F.O.B. destination. The supplier pre-paid the freight of 350.00. The invoice was dated June 10 and the goods were received on June 30. If Gadgets remitted full payment on July 10, what was the amount they paid?
A) 6,566.39
B) 5,880.39
C) 6,223.39
D) 6,573.39
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