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notsponge [240]
3 years ago
13

2. The La Salle Bus Company has decided to purchase a new bus for $95,000 with a trade-in of their old bus. The old bus has a BV

of $10,000 at the time of the trade-in. The new bus will be kept for 10 years before being sold. Its estimated SV at that time is expected to be $15,000.
a. Determine which asset class of the bus.
b. Determine annual Straight-Line Depreciation charge.
Business
2 answers:
Lera25 [3.4K]3 years ago
5 0

Answer:

a.

9 recovery period years class

b.

$8,889 per year

Explanation:

a.

Buses are 9 years recovery period class , in which it is depreciated using historical method and it has 5 years GDS class life.

b.

Straight Line depreciation is a method of depreciation in which the cost of the asset net of residual value is divided over useful life.

We will depreciate this asset for only 9 years because it has 9 years class, even it will be kept for 10 years but the depreciation charged for 9 years.

Depreciation rate = ( Cost - Salvage Value ) / useful life = ($95,000 - $15,000) / 9 = $8,889

Depreciation charged in 2018 = $19,500

Ksivusya [100]3 years ago
3 0

Answer:

a. Non- Current Asset

b. Depreciation Charge = $8,000

Explanation:

Straight Line method charges the same amount of depreciation on the asset over its useful life.

<em>Depreciation Charge = (Cost - Salvage Value)/ Number of Useful Life</em>

                                   = ($95,000- $15,000) / 10

                                   = $8,000

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Roman may buy 23 tomato and 9 radish,  for the school garden.

 

<h3><u>Calculation:</u></h3>

Let (r) represent the cost of one packet of radish seeds, and

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Amount spent by roman = $62.75

It denotes that;

\ 1.75r +2.5t = 62.75.......equn. 1

Roman bought 32 packets of seeds and one packet of radish seeds costs = $ 1.75.

One packet of tomato seeds costs =  $ 2.50.

It denotes that,

\ r+t=32.....equn.2

Substitute t=9 , and r= 23, we have

In eq. 1

\ = 1.75\times9 + 2.5\times23 = 62.75\\ = 15.75+57.5 \neq  62.75 \\ = 62.75 = 62.75

In eq.2

\ =32=23+9 = 32\\

Here, both the equations are satisfied, therefore, option [C] is correct.

Learn more about equation:

brainly.com/question/2263981

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Answer:

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In general, employers will hire an individual if they <em>believe </em> that the individual would provide more financial value compared to the amount of his/her salary. They would not necessarily higher you based on your academic performance because often times you would had to start learning everything related to the job again from the scratch.

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You need some money today and the only friend you have that has any is your ‘miserly' friend. He agrees to loan you the money yo
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Answer:

B. The total interest = $4.35

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8 0
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