Accounting Problem
• LMN Company purchased a new equipment for 30,000RS less a 2,000RS discount. LMN paid 3,000RS for transportation and 5,000RS for installation of the equipment. Calculate the acquisition cost.
• Alnaser Company purchased a new Bus for ($ 53,000 ) is only expected to be useful for 4 years with Residual value ($ 3000 ). Calculate the depreciation expenses associated with this Bus.
• Almajed Company purchased a Machine for ($ 58,000) is only expected to be Useful for 5 years with Residual value ( $2000). Calculate the depreciation expenses associated with this Machine.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.