A bulldozer purchased by Miner Corporation is expected to last 7 ...

[moongchi]

A bulldozer purchased by Miner Corporation is expected to last 7 years. The purchase price was 23,800. Shipping costs were 266 and initial setup charges were 393. The trade-in value is 2,204. Using the straight-line depreciation method, calculate the accumulated depreciation at the end of year 3.
 A) 12,611.37
  B) 9,537.87
  C) 9,937.32
  D) 8,833.87

Question 2

Classic Furniture purchases dining room sets with an invoice date of September 27, and terms of sale of 3/10, n/60. What is the net date?
 A) October 17
  B) October 22
  C) November 26
  D) November 2

[LVPMS]

Answer to Question 1

B

Answer to Question 2

C

[moongchi]

Thank you

[LVPMS]

Happy to help you