Question 17. Question: Cardco Inc. has an annual accounting period which ends on December 31. During the current year a depreciable asset which cost $ 42,000 was purchased on September 2. The asset has a $ 4,000 estimated salvage value. The company uses straight-line depreciation and expects the asset to have a 5 year life. What is the total depreciation expense for the current year?
Question 18. Question: Dell reported net sales of $ 8,739 million and average accounts receivable of $ 864 million. Its accounts receivable turnover is:
0.90 10.1 36.1
. $ 0; no gain or loss
Question 17. Question: Cardco Inc. has an annual accounting period which ends on December 31. During the current year a depreciable asset which cost $ 42,000 was purchased on September 2. The asset has a $ 4,000 estimated salvage value. The company uses straight-line depreciation and expects the asset to have a 5 year life. What is the total depreciation expense for the current year?
Question 18. Question: Dell reported net sales of $ 8,739 million and average accounts receivable of $ 864 million. Its accounts receivable turnover is: