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roni6298 roni6298
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6 years ago
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

Q. 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

Q. 3

____________________ balance is the name given to the declining-balance method of depreciation when the straight-line multiple is 200.
 Fill in the blank(s) with correct word

Q. 4

A toy store buys Wiis from Nintendo with an invoice date of April 14. The terms of sale are 3/10 ROG. What is the net date if the shipment arrives June 12?
 A) April 24
  B) May 14
  C) June 22
  D) July 12
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Lilah77Lilah77
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#1
Posts: 226
Rep: 2 0
6 years ago
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roni6298 Author
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#2
6 years ago
Thank you for taking the time to explain this, just got my quiz back: Perfect
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