Edelweiss Tours purchased a new tour bus for $36,000. Shipping charges were $1,800 and other costs associated with the bus amounted to $620. The bus is expected to last 4 years and has a residual value of $4,000. Lion elects to use the straight-line method of depreciation. a. What is the amount of total depreciation? b. What is the amount of the annual depreciation?
a. $34,420
b. $8,605
Business
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Answer the following statement true (T) or false (F)
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What will be an ideal response?
Business
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Indicate whether the statement is true or false
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Business