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A 60-day, 10% note for $7,800, dated April 15 is received from a customer on account. The face value of the note is the one
A 60-day, 10% note for $7,800, dated April 15 is received from a customer on account. The face value of the note is the one listed below. Select the correct answer. $8,580 5780 $7,930 $7,800 Based upon the following data, what is the cost of the land? $186,031 Land purchase price Broker's commission 18,296 Payment for the demolition and removal of existing building 4,422 Cash received from the sale of materials salvaged from the demolished building 2,587 A machine with a cost of $70,314.00 has an estimated residual value of $5,395.00 and an estimated life of 4 years or 19,003 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 3,912 hours? Select the correct answer. $16,229.75 $14,475.00 $32,459.50 $13,364.37
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