accounting question 6

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

i am stuck on the following problem. here is a pic of the problem

use this following link as a guide on how to show all work/how u got the answers

thanks in advance

Mar 10th, 2015

                                                                     Lloyd Company

List price of equipment                                                                                        $17,700

Less cash discount    ($17,700 * 3%)                                                                        531

Net price                                                                                                              $17,169

Add Installation and Testing Charges                                                                     2,000

Cost of equipment                                                                                                $19,169

Less salvage value                                                                                                  3,900

Depreciable value                                                                                                $15,269

Useful life in units                                                                                                 800,000 units

Units produced during 2011                                                                                   80,000 units

Depreciation expense for 2011 ($15,269/800,000  *80,000)                               $1,526.90

Mar 11th, 2015

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