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german
3 years ago
7

Hank’s Tax Planning Service bought computer equipment for $19,200 on January 1, 2012. It has an estimated useful life of 4 years

. Hank records depreciation monthly. As of September 30, 2012, Hank has recorded total depreciation expense for this equipment of:1. $24002. $36003. $4004. $14400
Business
1 answer:
Olegator [25]3 years ago
3 0

Answer:

2. $3600

Explanation:

The computation of the depreciation expense under the Straight-line method: is shown below:

= (Purchase value of computer equipment - residual value) ÷ (estimated useful life)

= ($19,200 - $0) ÷ (4 years)

= ($19,200) ÷ (4 years)  

= $4,800

The depreciation that is calculated above is on yearly basis. But on monthly basis, the depreciation should be calculated from January 1, 2012 to September 30, 2012 i.e for 9 months

So, the depreciation would be

=  $4,800 × 9 months ÷ 12 months

= $3,600

We assume the deprecation is calculated on the straight-line method

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Suppose someone borrows $552,000 today to buy a house in Davis, CA. If the annual interest rate is 4%, with monthly compounding,
galina1969 [7]

Answer:

Monthly Repayment on Loan  = $2634.06

Explanation:

given data

principal =  $552,000

annual interest rate = 4% = 0.333% monthly

solution

for get here fair value monthly mortgage payment we consider here time period is 30 year = 360 months

so now we apply here Monthly Repayment on Loan formula that is

Monthly Repayment on Loan  = principal ×  \frac{r(1+r)^t}{(1+r)^t -1}    .................1

put here value and we get

Monthly Repayment on Loan  = 552000 × \frac{r(1+0.333)^{360}}{(1+0.333)^{360} -1}    

Monthly Repayment on Loan  = $2634.06

4 0
3 years ago
Sioux Corporation is estimating the following sales for the first four months of next year:January$210,000February$280,000March$
Serjik [45]

Answer:

$358,000

Explanation:

Calculation to determine how much cash should Sioux expect to collect during the month of April

April sales collected in April ($370,000 × 60%) $222,000

March sales collected in April ($340,000 × 40%) $136,000

Total cash collections in April $358,000

($222,000+$136,000)

Therefore the amount of cash that Sioux should expect to collect during the month of April is $358,000

6 0
3 years ago
It takes one day for Peter Gibbons to complete a TPS report and attach the cover sheet. During that day, Peter spends about 15 m
ololo11 [35]

Answer:

Peter's percent value-added time is just over 3%. is the correct statement

Explanation:

3 0
3 years ago
Assume that the friend in the previous question notified the owner of the office building of the assignment. When the work was c
Cerrena [4.2K]

Answer:

Stop assuming then....hehe haha don't know ur previous ques and too lazy to open it and even too lazy to read it full sorry

8 0
2 years ago
8. When Jill Thompson received a large settlement from an automobile accident,
Dennis_Churaev [7]

Answer:

The amount of fees that Jill will pay this year=$248.20

Explanation:

Expense ratio is a measure of how much fees that fund management firms charge their clients for their investments services. These fees cover administrative and operational costs. In our case, the expense ratio will be expressed as the fees that Jill will pay as a portion of the total amount she invested. The expense ratio can be expressed as shown;

ER=C/A

where;

ER=expense ratio

C=total funds cost

A=total funds assets

In our case;

ER=0.17%=0.17/100=0.0017

C=unknown to be determined

A=$146,000

replacing;

C=ER×A

C=0.0017×146,000=$248.20

The amount of fees that Jill will pay this year=$248.20

3 0
3 years ago
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