Growth Industries purchased a generator for 40,500. Delivery ...

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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

[iman]

Answer to Question 1

C

Answer to Question 2

A

[newbem]

Excellent

[milbourne11]

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