An equipment costing P 220,000 has an estimated scrap value of P 25,000 at the end of its economic life of 11 years. Using Double-Declining Balance Method, what is the book value after 5 years? Express your answer in whole number.

Q: In April 2011, Consolidated Edison (ED) stock cost $50 per share and yielded 5% per year in…

A: Let there are x ED shares and y NGG shares.ED share and NGG share both  costs $50 eachYou have…

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Q: Jan borrows a total of $125,000 to pay for medical school. He borrows part of the money from the…

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Q: ,500 on two different investments. The first investment earns a rate of simple interest 2.6 times…

A: In this question, the concept of Simple Interest is applied. Simple Interest In simple interest,…

Q: A total of $40,000 is invested in two municipal bonds that pay 5.75% and 7.25% simple interest. The…

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Q: Priscilla invested $20,000 at a rate of 12% over 5 years. Much to her surprise, her investment paid…

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Q: If inflation causes the cost of automobiles to increase by 3.5% each year, what should a car cost…

A: Given that, If inflation causes the cost of automobiles to increase by 3.5% each year, what should a…

Q: The installation cost of a machine is $8000 with estimated life of 10 years. If the cumulative…

A: Given : Installation cost = $8000 Cumulative depreciation at the end of 6th year = $2000 Book value…

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Q: In April 2011, Consolidated Edison (ED) stock cost $50 per share and yielded 5% per year in…

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Q: Farhana approaches the Islamic bank and applies for financing under the concept of Bai Bithaman…

A: Solution:-

Q: small building can be reroofed for P300,000 (aluminum) or P175,000 (shingles). The estimated lives…

A: For aluminium Depricaitation cost = 300000/50 = P6000 For  shingles Depricaitation cost = 175000/15…

Q: Suppose your salary in 2012 is $70,000. If the annual inflation rate is 5%, what salary do you need…

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Q: When I was considering what to do with the $15,000 proceeds from my sale of technology stock, my…

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Q: loan of P200000 is to be repaid in full after 3years.If the interest rate is 8percent per annum.how…

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Q: aduating from school, Ahmet, 30 years old, wants to make a retirement plan for his future with the…

A: After graduating from school, Ahmet, 30 years old, wants to make a retirement plan for his future…

Q: OC Motor Supply had beginning-year net fixed assets of $479 and ending-year net fixed assets of…

A: Given data:- The given beginning year net fixed assets of, =$479 The given ending-year net fixed…

Q: A village recently completed the construction of a new water tower. The entire cost of the water…

A: solutiona)Due balance=Total cost-government paid=934000-480000=454000

Q: A father deposited a total amount of P88,500 on two different investments. The first investment…

A: Formula:final amount = principal amount(1+rt) Let, the first investment=xThe second investment…

Q: An investor puts £5,000 in a savings account that pays 10% simple interest at the end of each year.…

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Q: The first cost of an electric rebar bender is P392,000 and a salvage value of P40,000 at the end of…

A: Given information Pw=P392,000 r=5.4% ⇒r=5.4100=0.054 And n=4 years The annual cost is given by…

Q: sum of money to double itself in 12.1 years, what must be the rate of interest converted annually?…

A: Given query is to find the rate of interest to make the investment double In 12.1 years.

Q: Responding to Democrats who support doubling the federal minimum wage, a Republican says, "The…

A: From the given statement the, premise is "doubling the minimum wage" and the conclusion is "everyone…

Q: GFI, Inc., a Hong Kong company, makes audio decoder chips, one of the essential components used in…

A: According to the given situations the answers are following : PART 1 The GFI have a legitimate…

Q: What lump sum do parents need to deposit in the account earning 7%, compunded monthly, so that it…

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Q: ppose you have budgeted $ 1235 a month towards a mortgage. If you are offered a 30 year mortgage at…

A: Given Monthly payment=$1235 N=30*12=360 R=8.25/12=0.6875%

Q: In most states, the winnings of million-dollar lottery jackpots are divided into equal payments…

A: Annuity is a term which refers to the contract when a person receives payment in breaks. For…

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Q: Some trucks purchased by a U-Haul franchise should last 7 years. The purchase price was $183,000.…

A: Given that, the cost price = $5,000, the purchase price = $183,000  and salvage value = $23,000 .…

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A: Given: Cost of drone =$1800 which is used for the next 2 years The generated additional; photography…

Q: The average annual cost of college at 4 year private college was $29,056 in the 2012-2013 academic…

A: Part (a)Average annual cost of college in the 2012-2013, A0 = $29,056Growth rate per annum, g =…

Q: At the beginning of 2019, January 1, three siblings Joan, Stonewall and Georgina were given an…

A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: A total of $20,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The…

A: If a amount P is invested at a interest rate  r%  per annum for  t years, then the simple interest…

Q: . An investment account is worth $1000 on January 1, 2020. X months before the end of 2020, the…

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Q: During the first quarter of 2015, Plains All American Pipeline L.P. (PAA) stock cost $50 per share…

A: Let ‘x’ be the number of shares of PAA stock.Let ‘y’ be the number of shares of TOT stock.

Q: A machine has a salvage value of P12,000 at the end of its useful life of 6 years. The book value at…

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Q: Suppose you have the alternative of receiving either $24,000 at the end of seven years or P dollars…

A: We have given that Future value  = 24000 r = 5%  n  = 7

Q: In 2011, the united states government was facing a $1.5 trillion federal budget deficit. Numerous…

A: $ 4.2 trillion will spend on public broadcasting...

Q: A $40,000 investment in a mutual fund doubled to $80,000 in 5 years. What was the investment’s…

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Q: New Kia Soul costs $17,546. After one year its cost depreciation is 13%. What is a price of Kia Soul…

A: The value of vehicles depreciates with time. So we have to calculate depreciation cost and reduce it…

Q: How much will you need to invest each year over the next 40 years in order to meet your savings goal…

A: It can be calculated by using the formula: FV=PV((1+R)^t-1)/r Where FV=Future Value PV= Present…

Q: How long will an amount of money triple at a simple interest rate of 1% per annum? At what simple…

A: 1. Let principal P be x and amount be 3x. We know that, A=SI+P 3x=SI+xSI=2x The value of R is 1% or…

Q: suppose that your​ long-lost Aunt Sara has left you an unexpected inheritance of ​$22,400. You have…

A: Let x (dollars) be the amount of money to be invested in stocks. Amount to be invested in bonds =…

Q: An entry level programmer's annual pay is $⁢57,616 based on 52 weeks per year. Due to the economy,…

A: The annual pay of an entry-level programmer based on 52 weeks per year = $57,616 Cut back on weeks =…

Q: how do you solve a depreciation problem?

A: In question we have to describe how can we solve depreciation problem.

Q: Rita wants to buy a lot which costs 1 million pesos. She plans to give a down payment of 20% of the…

A: Given that  Rita wants to buy a lot which costs 1 million pesos. She plans to give a down payment of…

Q: A total of $20,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The…

A: Given:   A total of $20,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest.…

Q: A phone company charges an activation fee of $27.00, plus a cost of  $50.00 for a monthly plan.…

A: Given: A phone company charges an activation fee of $27.00, plus a cost of  $50.00 for a monthly…

Q: An account executive deposited $54,000 into two simple interest accounts. On the tax-free account…

A: Let's find.