This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: On January 1, 2011, Swinger, Inc. purchases a batting machine for 240,000 that has an estimated ... (Read 124 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
on: Jul 5, 2018
On January 1, 2011, Swinger, Inc. purchases a batting machine for 240,000 that has an estimated useful life of 5 years and an expected residual value of 20,000. Calculate the amount of accumulated depreciation at December 31, 2012.
 
  A) 48,000
  B) 88,000
  C) 172,000
  D) 152,000

Question 2

The value of ending inventory using LIFO is
 a. 1,250
  b. 1,350
  c. 1,375
  d. 1,150


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JYan

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

d


mwit1967

  • Member
  • Posts: 501
Reply 2 on: Jul 5, 2018
Excellent

dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

A macromolecular machine: the transcription-initiation complex A macromolecular machine: the transcription-initiation complex
This January 1937 photo from Sneedville, Tennessee, shows Eunice Johns, age 9, and her husband, ... This January 1937 photo from Sneedville, Tennessee, shows Eunice Johns, age 9, and her husband, ...
Estimated Number of New Sexually Transmitted Infections Estimated Number of New Sexually Transmitted Infections
Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011 Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011
The Gene Expression Machine Model for Coupling The Gene Expression Machine Model for Coupling
Video: Heart sounds

For a complete list of videos, visit our video library