Answer:
$15,495.41
Explanation:
Given that,
Loan amount = $15,000
Annual Interest rate = 13%
Daily interest rate = Annual Interest rate ÷ 365
= 13% ÷ 365
= 0.035616%
Period of loan = 3 months
Number of days:
= 365 × (3 ÷ 12)
= 91.25 days
Total amount that Raphael owes the bank at the end of the loan’s term:
= P(1 + r)^n
= 15,000 × (1 + 0.035616%)^91.25
= 15,000 × (1.00035616)^91.25
= 15,000 × 1.0330275
= $15,495.41
Answer:
The correct answer is "assistive technology"
Explanation:
The term Assistive technology refers to any piece of equipment, software program, or product used to increase or improve the functional capabilities of persons.
Answer:
$29,400; $29,400 and $18,400
Explanation:
Value of parcel of land = $69,800 with a basis = $58,800
Harry's basis is equal to cash contributed which is $29,400
Hermione's basis is equal to cash contributed which is $29,400
Ron's basis = Basis of parcel of land - Mortgage value
= $58,800 - $40,400
= $18,400
Answer:
The journals entry to record depreciation on the equipment for 2016 will be:
Debit Depreciation expense $14,000
Credit Accumulated depreciation $14,000
<em>(To record depreciation expense for Year 2016)</em>
Explanation:
Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($150,000 - $10,000) / 10 years = $14,000 yearly depreciation expense. This applies to Years 2015 and 2016.
The change in the estimate in Year 2017 will not affect the depreciation expense for 2016 based on the previous parameters,
