Calculate B.V. of ending equipment assuming you started the year with $100,000 in equipment, purchased $25,000 in new equipment during the year, and deducted $10,000 in depreciation. 

Calculate ending receivables assuming opening receivables were $0 and sales and collections for the year were $600,000 and $580,000 respectively.

Calculate ending inventory assuming opening inventory was $40,000 and purchases and COGS were $280,000 and $290,000 respectively

Answer rating: 100% (QA)

To calculate the ending book value BV of equipment we need to take into account the starting equipme... View the full answer