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Thepotemich [5.8K]
3 years ago
9

El tapitio purchased restaurant furniture on september 1, 2018, for $45,000. residual value at the end of an estimated 10-year s

ervice life is expected to be $6,000. calculate depreciation expense for 2018 and 2019, using the straight-line method, and assuming a december 31 year-end.
Business
1 answer:
shutvik [7]3 years ago
5 0
<span>Year 2018 ($45,000 - $5,000)/10 = 3,000 Ă— 4/12 = $1,000 2019 ($35,000 - $5,000)/10 = $3,000</span>
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Consider the following cash flows: Year Cash Flow 2 $ 22,200 3 40,200 5 58,200 Assume an interest rate of 9 percent per year. a.
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Answer:

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Explanation:

Giving the following information:

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Answer:

the numbers are missing, so I looked for a similar question:

<em>Vince's Blinds will have cash receipts of​ $97,000 and cash disbursements of​ $108,000. If its beginning cash is​ $5,000 and its desired reserve is​ $2,000, what will be its shortfall in cash for the​ month?</em>

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Beginning cash balance          $5,000        $2,000        $5,000

Cash receipts                          $97,000    $108,000           ....

Cash disbursements           <u>($108,000)</u>    <u>($97,000)</u>

Net balance                            ($6,000)       $13,000

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