Mitchell purchased a car in 2008 for $25,980. The function y 25,980(0.88y represents the depreciated value of the car after t ye
1 answer:
Answer:
Step-by-step explanation:
we know that
The exponential decay function that represent the depreciated value of the car is given by
where
y is the depreciated value of the car
t is the number of years since 2008
What is the approximate value of the car in 2012?
Find the value of t
substitute in the equation
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Answer:
$226,300
Step-by-step explanation:
Given Allowance for Doubtful Accounts is estimated as $205,000 and Allowance for Doubtful Accounts has a debit balance of $21,300
#The amount of the adjusting entry for uncollectible accounts is calculated as below:
Hence, the amount of the adjusting entry for uncollectible accounts is $226,300