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Chris M.
Chris M., M.S.W. Social Work
Category: Homework
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Experience:  Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
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4. On a balance sheet, the accounts payable and salaries payable

Customer Question

4. On a balance sheet, the accounts payable and salaries payable would fall under the catergory of

a) current liabilities
b) investments nd other assets
c) current assests
d) long-term liabilities

5. a comapany purchased an air conditioning system for $10,200. the shipping charges on the system were $875, and the setup costs were $1,250. the system is expected to last for five years and has a residual value of $2,000. if you use the straight-line method to calculate the depreciation for this air conditioning system, what would be the annual depreciation?

a) $2,000
b) $2,040
c) $2,065
d) $2,465
Submitted: 6 years ago.
Category: Homework
Expert:  Chris M. replied 6 years ago.

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