Answer:
1. True
Explanation:
The computation of the depreciation for 1998 under the double declining balance method is shown below:
First we have to find the depreciation rate which is
= One ÷ useful life
= 1 ÷ 4
= 25%
Now the rate is double So, 50%
In year 1, the original cost is $60,000, so the depreciation is $7,500 after applying the 50% depreciation rate and the 3 months
And, in year 2, the depreciation expense is
= ($60,000 - $7,500) × 50%
= $26,250
Answer:
D the demand for tarot card readers has increased.
Explanation:
At constant supply, price of goods or services tend to increase as demand increases. In this case, the demand for the services has increased, meaning that demand for tarot card reading has increased relative to the supply of the service. This has resulted in an increase in price of the service.
Answer:No, the buyer will not prevail in the breach of warranty claim.
Explanation:
There was no express warranty assurance in the contract.
It can also be implied that the buyer knew there is the possibility of qualities issues with the Television since he was informed of it's age and he did not raise a query on the quality.
Consequently the buyer cannot sue for a breach of warranty.
Answer:
These payments worth to me when I first start my college are$4,303.
Explanation:
Monthly Payments = P = $100
Interest rate = i = 5.5% = 0.055 = 0.055/12 = 0.00458
Number of years = 4 years
Period in a year = 12 months
Number of total periods = n = 4 x 12 = 48 periods
APV = P [ 1 - ((( 1 + i )^-n ) / i)]
APV = 100 [ (1 - (( 1 + 0.00458 )^-48 ) / 0.00458)]
Annuity present value = $4,303
