A slide projector purchased by Cobin Industries is expected to last 7 years. The purchase price was 13,780. The trade-in value is 2,300. Using the sum-of-the-years' digits depreciation method, calculate the accumulated depreciation at the end of year 3.
A) 4,921.43
B) 7,380.00
C) 8,858.57
D) 6,400.00
Q. 2What word is represented by the abbreviation: pr
Q. 3The price of a desktop computer purchased by Alpha Electronics was 5,034. It cost 189 for delivery and 256 for installation. The salvage value at the end of a 5-year life is 424. Using the sum-of-the-years' digits depreciation, calculate the annual depreciation for year 4.
A) 337
B) 582
C) 596
D) 674
Q. 4JoAnne's Fabric buys merchandise with a list price of 12,400. Use the complement method to find the net price if the wholesaler offers trade discounts of 15/20/5. (Round to the nearest penny)
A) 10,540.00
B) 8,010.40
C) 4,389.60
D) 6,092.35
Q. 5Lazer Incorporated purchased a delivery van for 29,000. Its useful life is estimated as 5 years, with a salvage value of 2,000. Using the sum-of-the-years' digits depreciation method, calculate the book value at the end of year 3.
A) 5,400
B) 7,400
C) 12,800
D) 21,600
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