Question: Your two new display cases cost $5,500 each. Shipping from the manufacturer cost another $2,600. The installer charged $900 to set up the cases (carpet

Your two new display cases cost $5,500 each. Shipping from the manufacturer cost another $2,600. The installer charged $900 to set up the cases (carpet work, leveling and trim) and the electrician needed $1,500 to wire the display cases and lighting controls. What will be the cost we show on the Balance Sheet?

Using the information from the previous question, what will be the monthly depreciation on this asset? Assume we will depreciate over 6 years and the expected salvage value will be $1,600.

Using the information from the previous two questions, what would be the accumulated depreciation on this asset at the end of year 4?

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