Jackson's nominal income per year in Beachland is mathematically given as
nR=52,500
What is ?
Generally, the equation for Real Income is mathematically given as
Therefore
R=250
In conclusion, The nominal income will be
Therefore
nR=250*210
nR=52,500
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Answer:
It Sum-of-the -years'-digits method
Explanation:
Depreciation Expense=[Remaining useful life of the asset÷ Sum of the year's digit )×Depreciable cost
Sum-of-the -years'-digits= 3+2+1= 6
Depreciable cost = $24,000- $6,000 = $18,000
Year 1 -Depreciation = [3/6] * $18,000
= $9,000
Year 2-Depreciation =[2/6] * $18,000
= $6000
Year 3-Depreciation =[1/6] * $18,000
= $3000
The sum of years’ digits method is a form of accelerated depreciation that is based on the assumption that the productivity of the asset decreases with the passage of time.
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