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Incorrect Question 6 0/2 pts New equipment was purchased for $800,000 on January 1, 2013....

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Incorrect Question 6 0/2 pts New equipment was purchased for $800,000 on January 1, 2013. It has an estimated useful life of 8 years and a salvage value of $120,000. Depreciation is being computed using the straight-line method. What amount should be shown for the Equipment, net of accumulated depreciation, in the company's 2013 balance sheet? O $595,000 O $510,000 $630,000 O $715,000 Incorrect Question 7 0/2 pts Maggie Sharrer Company borrows $88,500 on July 1, 2017, from Sandwich State Bank by signing an $88,500. 12%, one year note. What is the accrued interest at December 31, 2017? O $5.310. O $10,620 $4,425. O $2,655 rect Question 10 0/2 pts Tinker Bell Company has the following: Inventory, Jan. 1 Purchase, June 19 Purchase, Nov. 8 8,000 units 1 3,000 units 5,000 units $11 per unit $12 per unit $13 per unit If Tinker Bell has 10,000 units on hand on December 31, the cost of the ending inventory under LIFO is O $112,000. O $105,000 O $107.000 O $115,000. LA 2/2 pts Ouestion 11

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