ACC 304 help A Guide to career/Snaptutorial ACC 304 help A Guide to career/Snaptutorial | Page 106

b) Calculate depreciation expense for 2014 and 2015 by sum-of-
the-years-digits
c)
At the end of 2015, which method results in the larger
accumulated depreciation amount?
2) Assume in each case that the selling expenses are $8 per unit
and that the normal profit is $5 per unit. Calculate the limits for each
case. Then enter the amount that should be used for lower of cost or
market
3)
a)
b)
Purchased merchandise costing $2,500 with terms 2/10, n/30.
Inventory = ???
Payment was made thirty days after the purchase
4) A machine cost $221,400, has annual depr