Answer:
revised annual depreciation will be : 13710
Explanation:
After revision the remaining life of equipment shrank down to 2 years, so the depreciation working will be worked out to adjusted the impact of decreasing of useful life.
As per existing information the depreciation charges are calculated as :
(Cost-Salvage Value)/Useful life= (49700-4000)/10 = 4570
Accumulated Depreciation indicates that 4 years have past by (18280/4570)
now remaining years are 6 which will be reduced to 2 after revision so the new working will be as follows:
Remaining Cost :31420 (49700
-18280)
Salvage Value : 4000
Revised Remaining Useful Life : 2
Revised Calculated Depreciation Annual : (31420-4000)/2 = 13710
It can be further verified through simple math also:
Adding annual depreciation of remaining 2 years : 13710
+13710
=27420
Value available for depreciation after salvage value : 31420
-4000= 27420
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Answer:
11.42 %
Explanation:
The formula for calculating percentage error
percentage error = <u>observed value - actual value x 1</u>00
actual value
Percentage error = <u>3.9- 3.5</u> x 100
3.5
Percentage error = <u>0.4 x 100</u>
3.5
Percentage error =0.1142 x 100
Percentage error = 11.42 %
Year 1: $2351.76
year 2: $1928.44
year 3: $1581.32
year 4: $1296.69
Depreciation Amount = Asset Value x Annual Percentage
Decreased Value = Asset Value - Depreciation Value
3. I would want the elected representative to support this. If there is a tax on clothing coming in then it would be more expensive and less people will buy it.
6. I wouldn't want the elected representative to support this. This would eliminate entry barriers and price controls, which would most likely make the trucking company that my factory uses to transport prices' go up.
I don't know the rest
