Can you work out two account problems for me? My assignment is due tonight and I am stuck on 2. It is for Intro to
Financial Accounting and shouldn’t take very long. I will attached the problems.
Solutions to the Problems
Cost of the Equipment = Cash costs + Transport costs + installation and testing costs = 935,000 + 7,500 + 55,000 = $ 997,500 1. Depreciation using Straight line…