A company bought a luxury passenger vehicle for $100,000 during the year 2023. What is maximum amount of CCA the company can claim for the year 2023? Select one: a. $16,200 O b. $45,000 c. $30,000 O d. $10,800
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- Q6: Solve this situation if P- 5000S, n-6 ycars, i-8%, Find A. Q7: Sami has purchased a new car. He would like to set aside enough money in a bank account to pay the gasoline for his car for the first 6 years. It has been estimated that the gasoline cost of the car is as follows: Year Gasoline Cost $400 500 3 600 4. 700 5 800 900 Assume the gasoline costs occur at the end of cach year and that the bank pays 7% interest. How much should the car owner deposit in the bank now? ( Q8: an asset is purchased for 100,000S. The estimated life is 7 years and the salvage value is 15000 S. Assuming the item is depreciated via straight line method. Find the book value of the asset at the end of 3 years. ( 3.H6. Please answer each question on the box please. A cloud storage engineer purchased a new car for $31,390. Complete the table below to determine the cost of owning the car for the first year of ownership. Assume the car has an average fuel efficiency of 28 miles per gallon and a 4-year loan at an annual interest rate of 3.75% on the purchase price less the down payment. (Round your answers to the nearest cent.)Suppose that two certain cars have the following average operating and ownership costs. Average Costs per Mile Operating $0.26 Ownership $0.74 Total Car A $1.00 Car B $0.17 $0.22 $0.39 If you drive 20,000 miles per year, by how much does the total annual expense for Car exceed that of Car B over five years? The total annual expense for Car A exceeds that of Car B by $ over five years. (Round to the nearest dollar as needed.)
- You purchase a $1,152,000 lake house and made a down-payment of $658,000. If you were to use the tvm solver to determine the monthy payment, what values would you enter for PV and FV?You have just purchased a new car! You made a down payment of $5,000 and financed the balance. According to the purchase agreement, you must pay $600/month for four years, beginning one month from today. The credit agreement is based on an annual interest rate of 12%. What was the cost of the car? Select one: O a. 6,822 O b. 22,784 с.27 ,784 d. 28,800 e. None of the above OQ2. An entity has a contract to sell 100 bikes to a customer for $500 each and the customer has the right to return the bikes within 30 days for a full refund. On the basis of past experience, the entity places the following probabilities on the number of bikes the customer is expected to return:Number of bikes returned0 1 2 3 4Probability of outcome15% 20% 28% 22% 15%Using the ‘expected value’ method, calculate the amount of revenue from the customer to be recognised?If, by contrast, the ‘most likely amount’ approach is applied, and if it is assumed that the most likely outcome is that two bikes will be returned, then the revenue to be recognised would be calculated as?
- Two plans are available for a company to obtain automobiles for its salesmen. How many miles must the cars be driven each year for the two plans to have the same costs? Use an interest rate of 10%. Plan A: Lease the cars and pay PO.52 per mile. Plan B: Purchase the cars for P9.238 and economic life of three years after which it can be sold for P2,021, Gas and oil cost PO.07 per mile. Insurance is P500 per year.K A Suppose that two certain cars have the following average operating and ownership costs. Car A Operating $0.26 $0.12 Car B If you drive 30,000 miles per year, by how much does the total annual expense for Car A exceed that of Car B over seven years? The total annual expense for Car A exceeds that of Car B by $ (Round to the nearest dollar as needed.) over seven years. Average Costs per Mile Ownership $0.72 $0.31 A Total $0.98 $0.43Question. Tradewinds Construction Company had 4 dump trucks, 2 excavators, and other construction machinery worth $950,000 on January 1, 2020. During the year 2020, Seabreeze Construction spent $120,000 on two new trucks. The market value of all of the company's vehicles and construction machinery was $1,020,000 on December 31, 2020. 1) In 2020, what was Seabreeze's gross investment? 2) What was the depreciation amount in 2020? 3) In 2020, what was the net investment?
- 6. The car of your dreams costs P 2000000 today. You have found a way to earn 15% tax free on an automatic purchase account. If you expect the cost of your dream car to increase by 10% per year, how much would you need to deposit in the automatic purchase account to provide for the purchase of the car 5 years from now? A. P 1601416 B. P 2497789 C. P 4022714 D. P 994353QUESTION 1 A new machine is to be purchased for $200,000. The company believes it will generate $75,000 annually in revenue due to the purchase of this machine. The company will have to train an operator to run this machine and this will result in additional labor expenses of $25,000 annually. The new machine will be depreciated using 5 years MACRS, even though the life of the project is 7 years, and the salvage value is estimated to be $0 at the end of year 7. The tax rate is 40% and the company's MARR is 15%.5. A car company rental is considering purchasing one type of compact car to replenish its fleet. Two- companies are offering this kind of car. Which option should a car company choose if their MARR. is 10% per year? Company A Company B Purchased Cost P 120,000 P 140,000 Maintenance Cost P 9,000 P 5,000 Salvage Value P 4,000 P 5,000 Life 3 years 3 years