Answer:
Book value= $260,000
Explanation:
<u>First, we need to calculate the annual depreciation using the following formula:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (360,000 - 60,000) / 6
Annual depreciation= $50,000
<u>Now, at the beginning of the third year, the asset accumulated depreciation two times.</u>
Accumulated depreciation= 50,000*2 = 100,000
<u>Finally, the book value:</u>
<u></u>
Book value= purchase price - accumulated depreciation
Book value= 360,000 - 100,000
Book value= $260,000
Well, let's break it down! Integrity means doing the right thing even when no one is looking. So you can give examples of integrity. Moral character is or character is an evolution of a particular individual's durable moral qualities.
Answer:
C- The soundness of decisions is often limited because managers are unaware of problems or opportunities that exist in the organization
Explanation:
<em>Administrative decision making</em> is moderately rational decision making which considers a limited amount of criteria, not taking the broader picture into account. Therefore, certain problems and potential complications can arise if a more complex analysis of decision factors is not conducted.
In other words, a few possible outcomes are analysed and managers ettle for the one that seems optimal in that limited range.
Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.
Given that land was bought by Bob for $16390, the price is increasing at the rate of 6%, price of land today is $46817.
We are required to find the time for which Bob need to own the land so that the price of the land is $46817 today.
Compounding means calculating amount on the principal and the amount added interest.
Rate of increasing the price of land be 6%.
Price when Bob bought the land=$16390.
Price of land today=$46817.
It is like compounding of interest and the sum is calculated as under:
S=P*
In the above equation P is theamount at beginning,r is rate of increasing and n is the number of years.
46817=16390
46817/16390=
=2.8564
= (Approximately)
From both the sides we will get n=18.
Hence Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.
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I'm not sure if I'm gong to be right on this, BUT, if he produces nails at $200, and he sells them at $350. Selling minus production cost is surplus. So it should be $150 per ton, hope this helps!