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Simple MCQ question from Financial Accounting. Please solve it ASAP!!! QUESTION 1 Herfurth & Sons purchased $62,000 of equipment and depreciates the equipment using the
Simple MCQ question from Financial Accounting. Please solve it ASAP!!!
QUESTION 1 Herfurth & Sons purchased $62,000 of equipment and depreciates the equipment using the units-of-production method. The company estimates the equipment will be used for 100,000 hours and a salvage value of $2,000. The equipment was used for 2,600 hours in year 1. The depreciation expense recognized in year 1 is: O 1612 m. 1,560 60.000 2,600 QUESTION 2 Bonneaux Inc. issued $200,000 of bonds at 99. The bonds were issued O at the face amount O cannot determine from information provided O at a $2.000 discount O at a $2.000 premium QUESTION 3 Bentley, Inc. had 3,000 shares of $100 par, 6% cumulative preferred stock outstanding. The total stated dividend is O 180 O 300.000 O 3000 ho 18.000 Step by Step Solution
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