20. Given the information in the table below, what is the company\'s gross profi

Question

20. Given the information in the table below, what is the company's gross profic? Sales revenue Accounts receivable Ending inventory Cost of goods sold Sales returns Sales discount $350,000 $280,000 $230,00 $180,000 $50,000 $20,000 A. $170,000. B. $100,000. C.$280,000. D. $50,000. January 1, 2018, for $65,000. The tractor's useful life i what is the amount of depreciation expense and the ending book value on December 31, 2018? A. S6,00 B. S6,500 21. Crestview Estates purchased a tractor on to be 10 years and has a residual value of $5,000. If Crestview uses the straight-line method of dep 0 depreciation expense and $54,000 book value depreciation expense and $58,500 book value C. $6,500 depreciation expense and $65,000 book val ·$6,000 depreciation expense and $59,000 book value

Explanation / Answer

20

Answer is B 100,000

21

Answer is D

depreciation =(65000-5000)/10 =6000

Book Value =59000

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