Answer:
The annual amount of depreciation expense for each of the remaining years would be:
$6240
Explanation:
Equipment 82000
Life 5 years
Salvage 4000
Year Cost Annual Dep Book value
Year 1__________________ 78000 15600 62400
Year 2__________________ 62400 15600 46800
Year 3__________________ 46800 15600 31200
Year 4__________________ 31200 6240 24960
Year 5__________________ 24960 6240 18720
Year 6__________________ 18720 6240 12480
Year 7__________________ 12480 6240 6240
Year 8__________________ 6240 6240 0
Answer:
The answer is $358,169.53
Explanation:
Present value(PV) is $200,000
Interest rate(r) is 6%
Number of years(N) is 10years
The formula for finding future value is
FV = PV(1+r)^n
=$200,000(1+0.06)^10
$200,000(1.06)^10
$200,000 x 1.790847697
= $358,165.53
Alternatively;
Lets use a financial calculator
N = 10; I/Y = 6; PV = -200,000; PMT=0; CPT FV= $358,169.53
NOTE: The difference in final value result is due to the rounding off of decimal point.
8. This is called scarcity
Where are the options for #9
Answer: irrelevant
Explanation: In simple words, something is termed as irrelevant if it is of no use or importance to the user of that thing.
In the given case, John carter wanted to know the cause of increasing attrition but the HR provided him with the report of new hires. That report will be of no use to the John in his study no matter if it is accurate or not.
Hence from the above we can conclude that the report is irrelevant.