Question
Which of the following would not be a component of the year-end inventory balance? A.Freight-in costs. B. Inventory inspection costs. C. Marketing department salaries. 2.
- Which of the following would not be a component of the year-end inventory balance?
A.Freight-in costs.
B. Inventory inspection costs.
C. Marketing department salaries.
2. Schager Company purchased a computer system on January 1, 2022, at a cash cost of $25,000. The estimated useful life is 10 years, and the estimated residual value is $3,000. The company will use the double declining-balance depreciation method.
How much is the 2023 depreciation expense?
A. $3,520.
B. $4,120.
C. $4,000.
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
3rd Edition
0139488944, 978-0139488948
