Given the expanded business skills you’re picking up in the BBA Program, your brother-in-law wants you to help him with his business accounts. He’s provided the following information concerning his business, Shiftless Yard Services, Inc. for 2011.
Given the expanded business skills you’re picking up in
the BBA Program, your brother-in-law wants you to help him with his business accounts. He’s provided the following information concerning his business, Shiftless Yard Services, Inc. for 2011.
Sales revenue $4,200 Cost of goods sold $2,000
Accounts receivable $500 Gross fixed assets $2,800
Interest expense $140 Number of common shares 1,000
Total Sales/Gen/Admin exp $600 NOI $1,300
Accounts payable $240 NI $754
Shiftless Yard Services, Inc. uses straight-line depreciation.
Given this info, he’s offered you a case of beer if you can answer the following questions that would allow him to complete his income statement for 2011.
What depreciation expense should he use?
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