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avanturin [10]
3 years ago
10

The cost of a car is $15,570. You plan to make a down payment of $1,500, and a monthly payment of $388.08 for 60 months.

Mathematics
1 answer:
sergiy2304 [10]3 years ago
7 0
1. 15.570-1500= 14070. Yes it is B

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<h3>What Are Depreciation Expenses?</h3>

Depreciation expense, on the other hand, is the amortized portion of the cost of the business's fixed assets during a certain period. Depreciation expense is recognized in the income statement as a non-cash expense that reduces the  net income or profit of the business. For accounting purposes, depreciation expense is debited and  accumulated depreciation is credited.

Depreciation expenses are treated as non-cash expenses because periodic monthly amortization is  not involved in cash transactions.

To learn more about depreciation amounts from given link

brainly.com/question/1287985

#SPJ4

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