Answer:
B.
compute depreciation for a full year under straight minusline depreciation and multiply it by the fraction of the year that you held the asset.
Explanation:
Under straight-line depreciation, the asset value is spread equally throughout its useful life.
To get the depreciation of a partial year, you need to calculate the depreciation a full year first.
Divide the asset value by the number of its useful years to get depreciation value for one year. To compute partial depreciation, you need to establish the fraction of the year to be depreciated. Divide the number of months by twelve to get the fraction.
To get actual depreciation, multiply this fraction by a full year depreciation.
The accounting principles, assumptions, and constraints describes are identified as follows: A) 7, B) 6, C) 8, D) 9, E) 1, F) 4, G) 3.
<h3>What are Accounting Principles?</h3>
These are rules or laws that govern the reporting and recording of the financial information of a business.
7 - Expense Recognition Principle: This holds the rule of thought that expenses made ought to be recorded in the books or recognized in the same time frame as the revenue transactions they are related to.
3 - Monetary Unit Principle: This law indicates that if a transaction cannot be expressed in a currency, then it shouldn't be recorded. This means "in-kind" transactions and favors hold no place in proper Financial Bookkeeping practice.
See the link below for more about Accounting Principles:
brainly.com/question/23008273
Answer: $135
Explanation:
First find the future value of the proceeds.
= 10,000 * (1 + 5%)⁷
= $14,071
The monthly payments are equal so X is an annuity and as the payment is made immediately, this is an Annuity due.
Convert the interest rate into monthly figure:
= 3%/12
= 0.25%
Present value of annuity = Annuity * (( 1 - (1 + r)^-n ) / r) * (1 + r)
14,071 = Annuity * ((1 - (1 + 0.25%) ⁻¹²⁰) / 0.25%) * (1 + 0.25%)
14,071 = Annuity * 103.82
Annuity = 14,071 / 103.82
= $135.53
= $135
Answer: 92812.50
Explanation:
The following information can be derived from the question:
Loan principal = $1,500,000
LIBOR for 1st 6 months = 4.50%
LIBOR for last 6 months = 5.375%
Lending margin per annum = 1.25%
The interest will then be:
= 1,500,000 × [(4.50% + 1.25%)/2] + 1,500,000 × [(5.375% + 1.25%)/2]
= 1,500,000 × [(0.045 + 0.0125)/2] + 1,500,000 × [(0.05375 + 0.0125)/2]
= 92,812.50
Therefore, the interest is 92812.50.
