Answer:
Developing an action plan once the process has started
Explanation:
Answer:
$109,000
Explanation:
Average Investment = ( Initial Investment + Residual Value ) ÷ 2
Therefore,
Average Investment = ( $218,000 + $0) ÷ 2
= $109,000
Answer:
6.7590
Explanation:
Present value annuity factor for annuity due = 1 + Present value annuity factor for ordinary annuity - PVF(10%, 10 years)
Present value annuity factor for annuity due = 1 + 6.1446 - 0.3856
Present value annuity factor for annuity due = 7.1446- 0.3856
Present value annuity factor for annuity due = 6.7590
Answer:
b. $16,700
Explanation:
The computation of the depreciation expense under the straight line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($98,500 - $15,000) ÷ (5 years)
= ($83,500) ÷ (5 years)
= $16,700
In this method, the depreciation is same for all the remaining useful life
The original cost is computed below:
= $85,000 + $3,500 + $10,000
= $98,500
If this question has the same set of choices like the other ones posted here, then the answer would be letter C. 529 plan- money you save.