A cargo van purchased by Airport Carriers should last 3 years. The purchase price was 70,800. Shipping costs were 1,557. The trade-in value is 5,412. Prepare a depreciation schedule using the double declining balance method, then enter the accumulated depreciation at the end of year 2 as your answer. (Round the declining balance rate to 4 decimal places, and all dollar amounts to the nearest cent)
A) 64,318.94
B) 48,240.41
C) 62,949.05
D) 47,223.60
Q. 2What word is represented by the abbreviation: ea
Q. 3A drilling rig purchased by Challenge Industries should last 7 years. The purchase price was 82,500. Shipping costs were 1,567. The trade-in value is 17,870. Prepare a depreciation schedule using the 150 declining balance method, then enter the accumulated depreciation at the end of year 6 as your answer. (Round the declining balance rate to 4 decimal places, and all dollar amounts to the nearest cent)
A) 64,289.74
B) 56,740.29
C) 81,064.61
D) 75,823.19
Q. 4What word is represented by the abbreviation: gro
Q. 5The price of a telescope purchased by Future Labs Inc was 32,100. It cost 898 for delivery. The salvage value at the end of 3 years is 6,764. Using the 150 declining-balance depreciation method, calculate the annual depreciation for year 2. (Round the declining-balance rate to 4 decimal places, and all dollar amounts to the nearest cent)
A) 16,499.00
B) 8,249.50
C) 24,748.50
D) 6,764.00
Q. 6What word is represented by the abbreviation: dz
Q. 7The price of a concrete pump purchased by Dolan Pumping was 42,500. It cost 1,200 for delivery. The salvage value at the end of 7 years is 7,200. Using the 150 declining-balance depreciation method, calculate the book value at the end of year 2. (Round the declining-balance rate to 4 decimal places, and all dollar amounts to the nearest cent)
A) 26,977.08
B) 28,674.66
C) 24,626.48
D) 27,572.44
Q. 8What word is represented by the abbreviation: oz
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