Author Question: Plethora Farms purchased a greenhouse for 52,700. Delivery costs totaled 1,825 and handling costs ... (Read 100 times)

cabate · **on:** Jun 24, 2018

Plethora Farms purchased a greenhouse for 52,700. Delivery costs totaled 1,825 and handling costs were 3,000. The useful life is 10 years and the salvage value is 14,050. Using the straight-line depreciation method, calculate the book value at the end of year 4.
A) 31,256
B) 58,000
C) 22,000
D) 40,135

Question 2

The Photo Express buys cameras and film with an invoice date of May 17. If the terms of sale are 2/15, n/45, find the net date.
A) June 1
B) July 18
C) July 16
D) July 1