What are the tips for the car that would also apply to the human body?

A new car sells for $25,000. The value of the car decreases by 15% each year. What is the approximate value of the car 5 years a

Rama09 [41]

Depreciation is an accounting method for allocating the cost of a tangible or physical asset over its <u>usable life</u>. Depreciation is a term used to describe<u> how much</u> of an asset's worth has been used.

<h2>Given:</h2>

Initial value of the Car = 25,000

Depreciation of the Car= 15% per annum based on net book value

<h3>The computation:
</h3>

Note: t = Number of years

$\text{Net book value} = 25,000 (1 - 0.15)^t$

$NBV = 25,000 (0.85)^5\\\

NBV = 25,000 (0.4437)\\\

NBV = 11,092.50


$

As a result, the car's approximate value 5 years after purchase is 11,092.50.

For more information about computing sum, refer below:

brainly.com/question/1373966

7 0

2 years ago

You want to have $13,000 in 9 years for a dream vacation. If you can earn an interest rate of .4 percent per month, how much wil

alexdok [17]

Answer:

PV= $8,447

Explanation:

Giving the following information:

Future value= $13,000

Number of months= 9*12= 108

Interest rate= 0.4/100= 0.004 compounded montlhy

To calculate the initial investment required, we need to use the following formula:

PV= FV/(1+i)^n

PV= 13,000/(1.004^108)

PV= $8,447

7 0

2 years ago

During January, its first month of operations, Marigold Company accumulated the following manufacturing costs: raw materials $5,

Fiesta28 [93]

Explanation:

The journal entries are as follows

1. Raw material inventory $5,100

To Account payable $5,100

(Being the raw material is purchased on account)

2. Factory labor $5,100

To Factory wages payable $1,700

To Payroll tax payable $2,900

(Being the factory overhead cost is recorded)

3. Manufacturing overhead $2,900

To Utilities payable $2,900

(Being the overhead cost is recorded)

6 0

3 years ago

Camden Corporations agreed to build a warehouse for a client at an agreed contract price of $ 900,000. Expected (and actual) cos

weqwewe [10]

Answer:

Key figures:

2016:

Revenue = $270,000

Expenses = $202,500

Income = $67,500

2017:

Revenue = $450,000

Expenses = $337,500

Income = $112,500

2018:

Revenue = $180,000

Expenses = $135,000

Income = $45,000

Explanation:

Under this method, percentage of work completed is determined using the following <u>formula:</u>

<em>Percentage of work completed = (Total Expenses incurred on the project till the close of the accounting period) ÷ (Total Estimated Cost of the Contract)</em>

Total estimated cost = $202,500 + $337,500 + $135,000 = $675,000

Percentage of work completed = ($202,500 ÷ $675,000)×100 = 30%

Expenses in 2016 = $202,500 (answer)

Revenue in 2016 = $900,000 × 30% = $270,000 (answer)

Income in 2016 = Revenue - Expenses

Income in 2016 = $270,000 - $202,500

Income in 2016 = $67,500 (answer)

Percentage of work completed = ($337,500 ÷ $675,000)×100 = 50%

Expenses in 2017 = $337,500 (answer)

Revenue in 2017 = $900,000 × 50% = $450,000 (answer)

Income in 2017 = Revenue - Expenses

Income in 2017 = $450,000 - $337,500

Income in 2017 = $112,500 (answer)

Percentage of work completed = ($135,000 ÷ $675,000)×100 = 20%

Expenses in 2018 = $135,000 (answer)

Revenue in 2018 = $900,000 × 20% = $180,000 (answer)

Income in 2018 = Revenue - Expenses

Income in 2018 = $180,000 - $135,000

Income in 2018 = $45,000 (answer)

4 0

3 years ago

The measure that captures the use of a fixed asset in serving customers relative to the asset's capacity is known as the _______

Gelneren [198K]

Answer:

Utilization.

Explanation:

The measure that captures the use of a fixed asset in serving customers relative to the asset's capacity is known as the utilization rate.

This ultimately implies that, a utilization rate measures or estimates the level of output a fixed asset produces relative or in comparison with it's capacity.

Generally, the utilization rate is usually measured in proportions and displayed in percentages so as to gather information about organizational cost structure and operational efficiency.

6 0

3 years ago