Using the same amount of time and resources, Tomer can either write 100100100 lines of code or process 202020 reports, and Charl
1 answer:
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Answer:
58,350 dollars
Explanation:
In straight line depreciation, we calculate annual depreciation by using the formula shown below:
Annual Depreciation =
Given,
Cost is 72,540
Salvage Value is 1590
Useful Life = 15 years
We have:
Annual Depreciation = 72540-1590/15 = 4730
At end of Year 3, the total depreciation would be:
4730 * 3 = 14,190
The remaining value of the item would be:
Cost - Total Depn for 3 years
72,540 - 14,190
= 58,350 dollars
Answer:
$3,642.50
Explanation:
For computing the average annual amount of net income (loss), first we have to compute the net income which is shown below:
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
$9,700 = $0 + Net income - ($2,420 + $0 + $1,440 + $1,010)
$9,700 = $0 + Net income - $4,870
So, the net income is
= $9,700 + $4,870
= $14,570
Now the average annual amount of net income is
=
=
= $3,642.50