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Dmitriy789 [7]
3 years ago
15

A new scooter costs $2,500. The depreciation rate is 30% per year. What is the value of this scooter after 5 years? Round to the

nearest dollar.
Business
1 answer:
brilliants [131]3 years ago
7 0

Answer:

value of scooter  = $420.175

Explanation:

given data

scooter costs = $2,500

depreciation rate r = 30%

time = 5 year

solution

we get here value of this scooter after 5 years that is express as

value of scooter  = original cost ×  (1-r)^{time}   ...............1

put here value we get

value of scooter  = $2500 ×  (1-0.30)^{5}

value of scooter  = $420.175

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The communication process begins with a(n) <u>sender</u>, the person who <u>receives </u>a message.

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2 years ago
Independent auditors express an opinion on the:________.
katen-ka-za [31]

Answer:

A) Fairness of financial statements.

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Auditors review the financial statements of firms.

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A qualified opinion means that there is some exception to accounting standards in the financial statement.

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3 years ago
The _________ could be used in an index model to represent common or systematic risk factors.
Pavlova-9 [17]

The S&P 500 index may be utilized in an index model to symbolize commonplace or systematic risk elements.

The definition of an index is a manual, listing or sign, or various used to measure exchange. An example of an index is a listing of worker names, addresses, and contact numbers. An example of an index is an inventory marketplace index that's based on a widespread set at a specific time. noun.

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2 years ago
What are the types of technical risk and how to solve it in project management
Savatey [412]
In construction there is a risk of weak concrete failing testing leading to rework

in petrochem - poor quality welding failing

in IT - errors in programming or poor quality testing

Any of these would be a technical risk and different to environmental risk (troublesome weather, vandalism). resource risk (not enough workers or equipment…) and management risk (weak or slow decision making).

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5 0
3 years ago
Cass Corporation reported pretax book income of $10,000,000. During the current year, the reserve for bad debts increased by $10
anyanavicka [17]

Answer:

$229,500

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For computing the company’s current income tax expense or benefit, first we have to compute the taxable income which is shown below:

= Pre-tax book income + Increase in bad debt reserve - Excess tax depreciation + Excess tax gain over book gain - Tax-exempt life insurance proceeds

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So, the current income tax expense or benefit would be

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= $229,500

The Excess tax gain over book gain is computed below:

= $75,000 - $50,000

= $25,000

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3 years ago
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