Answer:
The necessary adjustments as a result of the additional information given are shown in the attached spreadsheet.
It is imperative to note those points below in the explanation section.
Step-by-step explanation:
The depreciation is for three months,that is $310 per month*3=$930
Supplies shown as expense during quarter is total supplies of $3100-$850(closing balance)
Insurance expense amortized is $280*3=$840
Answer:
4.5 only. get rid of your 15 answer
Step-by-step explanation:
why the heck are they staying there are two values for X?
this is WRONG. There is one value for X, and 3 triangles to choose from.
Initial cost, P = 15000
Annual depreciation, i = 0.23
Value at end of year n:
V(n)=P(1-i)^n
A. At end of year 1 (n=1)
V(1)=15000(0.77)= 11550
B. At end of year 3 (n=3)
V(3)=15000(0.77^3) = 6848.00
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