Author Question: Growth Industries purchased a generator for 40,500. Delivery costs totaled 1,424 and handling costs ... (Read 140 times)

newbem · **on:** Jun 24, 2018

Growth Industries purchased a generator for 40,500. Delivery costs totaled 1,424 and handling costs were 2,626. The useful life is 6 years and the salvage value is 12,020. Using the straight-line depreciation method, calculate the book value at the end of year 4.
A) 15,860.65
B) 21,686.68
C) 22,863.32
D) 37,713.33

Question 2

Hyabuza Japanese Restaurant received an invoice, dated February 20, 2011, for supplies they ordered that had a list price of 2,700 from a supplier that offered a series discount of 15/8/4 and carried terms of 3/10, 1/15, n/30. How much should the restaurant remit if the bill is to be paid in full on March 1, 2011?
A) 1,966.13
B) 2,006.67
C) 2,700.00
D) 2,026.94