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Author Question: Clear Restorations purchased a floor machine for 10,520. Delivery costs totaled 1,250. The salvage ... (Read 101 times)

savannahhooper

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on: Jun 24, 2018
Clear Restorations purchased a floor machine for 10,520. Delivery costs totaled 1,250. The salvage value is 1,350 after 8 years. Using the straight-line depreciation method, calculate the book value at the end of year 5.
 A) 1,302.50
  B) 5,257.50
  C) 6,512.50
  D) 7,525.50

Question 2

Tamara Muldoon received an invoice dated October 25th with terms of 2/10, n/30 EOM. If Tamara wishes to pay the bill on the last day of the discount period, what date would she pay the invoice?
 A) December 10
  B) November 30
  C) November 4
  D) November 10


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rosiehomeworddo

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

D


savannahhooper

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

bulacsom

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Reply 3 on: Yesterday
:D TYSM

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