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Solution and accounting

Rosa Parks Manufacturing acquired equipment at the beginning of the year at a cost of $845,000. The equipment was depreciated using the straight-line method based on an estimated useful life of 8 years and an estimated residual value of $39,000. What was the depreciation for the first year?

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A firm had a beginning inventory of $7,500, purchases totaled $42,000, and sales were $36,000. What is the ending inventory? A) $13,500 B) $28,500 C) $49,500 D) $71,500 solve this Accounting problem

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