A pressurized spray painter was purchased on April I of the fiscal year for $5,000. It has a useful Expense for the First Two urs assuming a fiscal year end of December 31 and using (a) The Straight-Line Method and (b) The Double-Declining-Balance Method. life of 5 years Years, ANS: (a) Year 1 Year 2: (b) Year 1: Year 2: During the installation of t were located on the tower. After collecting wind speco given site. In Figure 2 belc Towers Wind Study is pres time and total energy can b The units of Manganese Plus available for sale during the year were as follows Mar I Inventory16 units 30 June 16 Purchase 30 units $35 45 units$39 Nov 28 Purchase There are 15 units of the product in the physical inventory at November 30. The periodic inventory system is used. Determine the inventory cost by (a) FFO (b) LIFO, and (c) Average Cost Methods. using the following information, prepare a Bank Reconciliation for Young Co. for August 31, 2015: (a) The bank statement balance is $4,010 (b) The cash account balance is $4,207 (c) Outstanding checks amounted to $517. (d) Deposits in transit are $633. (e) The bank service charge is $45. (0 A check for $84 for supplies was recorded as $48 in the ledger Young Co. Bank Reconciliation August 31, 2015