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Author Question: On January 1, 2011, Swinger, Inc. purchases a batting machine for 240,000 that has an estimated ... (Read 117 times)

mwit1967

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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


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JYan

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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

d


mwit1967

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

pratush dev

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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