If the annual interest on capital investment is $2000 and annual deposit into depletion reserve is $1000 then what is annual net income Select one: Oa. 5000 b. 6000 C. 4000 O d. 3000

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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If the annual interest on capital investment
is $2000 and annual deposit into depletion
reserve is $1000 then what is annual net
income
Select one:
a. 5000
b. 6000
C. 4000
d. 3000
Transcribed Image Text:If the annual interest on capital investment is $2000 and annual deposit into depletion reserve is $1000 then what is annual net income Select one: a. 5000 b. 6000 C. 4000 d. 3000
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