Hadley Company purchased an asset with a list price of $108,740. Hadley paid $770 of transportation-in cost, $998 to train an employee to operate the equipment, and $420 to insure the asset against theft after it has been set up in the factory. The asset was purchased under terms 1/2030 and Hadley paid for the asset within the discount period. Based on this information, Hadley would capitalize the asset on its books at what dollar amount? $_______________Hadley

QUESTION 3 Hadley Company purchased an asset with a list price of $108,740. Hadley paid $770 of transportation in cost, $998 to train an employee to operate the equipment, and $420 to insure the asset against theft after it has been set up in the factory. The asset was purchased under terms 1/2030 and Hadley paid for the asset within the discount period. Based on this information, Hadley would capitalize the asset on its books at what dollar amount? $_ QUESTION 4 Uber Inc purchased a car for $23,500. The car has a salvage value of $3,900 and is estimated to be in use for 150,000 miles. What is the accumulated depreciation at the end of Year 2 assuming mileage used in year 1 was 16,380, year 2 was 16,930, and year 3 was 22,440? $_ QUESTION 5 Dillard Company starts the year with $10,000 in its cash account, $10,000 in its equipment account, $2,000 in accumulated depreciation and $18,000 in its retained earnings account. During the year Dillard sells the equipment for $7,720. After the sale of equipment is recorded, the retained earnings account will have a balance of