Author Question: The price of a public address system purchased by a local town hall was 42,500. It cost 2,100 for ... (Read 101 times)

brutforce · **on:** Jun 24, 2018

The price of a public address system purchased by a local town hall was 42,500. It cost 2,100 for delivery. The salvage value at the end of 4 years is 7,500. Using the straight-line depreciation method, calculate the annual depreciation for year 3.
A) 9,324.50
B) 10,365.75
C) 11,368.20
D) 9,275.00

Question 2

A new business receives an invoice for merchandise on August 9. The terms of the sale are 12/10, n/30. If the manager elects to take the cash discount, what is the discount date?
A) August 19
B) August 18
C) August 21
D) August 17