Given that Janie has $3. She earns $1.20 for each chore she does and can do fractions of chores. She wants to earn enough money to buy a CD for $13.50.

we have to find the fraction of chores Janie did to earn total of $13.50

Let the fraction of chores is x which Janie wants to earn enough money to buy a CD for $13.50.

Total money=$3+$1.20(fraction of chores)

$13.50=$3+$1.20(x)

$13.50-$3=$1.20(x)

x=8.75~9

Hence, the fraction of chores which Janie wants to earn enough money to buy a CD for $13.50 are 8.75~9 chores

6 0

2 years ago

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Equipment acquired on January 8 at a cost of $212,000 has an estimated useful life of 15 years, has an estimated residual value

dimulka [17.4K]

Answer:

$13,200

Step-by-step explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset

Mathematically,

Depreciation = (Cost - Salvage value)/Estimated useful life

Depreciation

= ($212,000 - $14,000)/15

= $198,000/15

= $13,200

7 0

2 years ago