Syster English (en) Madhawi Ibrahim Suliman Alzakri tion 18 Jer saved On March 1, Tabuk Corporation purchased 15,000 SR of inventory, terms 2/10, n/30. On March 3, Tabuk returned goods that cost 1,200 SR. On March 9, Tabuk paid the supplier. On March 9, Tabuk should credit ed out of ag tion Select one: a. inventory for 276 SR O b. inventory for 300 SR O c. Sales discounts for 276 SR O d. Sales discounts for 300 SR Clear my choice stion 19 awer saved rked out of 5 On January 1, 2020, Blue Company purchases a delivery truck at a cash price of 22,000 SR. Related expenditures are sales taxes 1,320 SR, painting and lettering 500 SR, motor vehicle license 80 SR, and a three-year accident insurance policy 1,600 SR. the company estimates that the useful life of the machine is 4 years with a 5,000 SR salvage value remaining at the end of that time period. Compute the depreciation expense, assuming the straight- line method of depreciation is used. Compute the cost of the delivery truck. Flag estion Select one: a. 4,580 SR o b.5,125 SR O c. 4,705 SR O d. 4,250 SR Show All ch11.doc ammary Ch9.docx ch10 Summary.pptx Question 20 Answer saved When M&A company decides to change in the estimated useful life of an asset and change in the estimated salvage value, the company must: Marked out of 0.75 P Flag question Select one: O a. Do the Changes in depreciation accounts that reported for prior years. b. Do changes in the period of change and future periods O c. Consider it as an error O d. Consider it as a loss Clear my choice Previous page Next page Summary Ch9.docx ch10 Summary.pptx ch11.doc Show All 80 od DI FB FS YO 12 VW & + 5 0 6 7 7 V 8 A 9 9 0 . E Clear my choice Depreciation is: Select one: O a. All the above O b. Process of cost allocation, not asset valuation. O c. Assets ability in produchig revenues will decline over the asset's useful life. O d. Applies to land improvements, buildings, and equipment, not land. Clear my choice 4 The bank portion of the bank reconciliation for Riyadh Company on October 31, 2019, was as follows: Show All ch11.doc 9.docx chio Summary.pptx 000 da 12 F10 FM FR F9