1. 30000 x 5% = 1500.
2. 30000 - 1500 (because it has depreciated) = 28500.
So, the Accumulated depreciation account after the first year would be $28,500 (D).
I hope it helped you!
I believe the correct answer from the choices listed above is option C. Regarding increasing productivity, factor mobility is i<span>mportant in that it helps to reallocate resources in a dynamic economy. Hope this answers the question. Have a nice day.</span>
One global trend I think offers a business opportunity in the global marketplace is the internet. With the internet customers can shop a store from virtually anywhere in the country. A small store such as local boutiques become a big hit with online shoppers.
Answer:
The cost of the truck that should be recorded at the time of purchase is $46,639
Paying installment is the best option
Explanation:
In order to Calculate the cost of the truck that should be recorded at the time of purchase we need find out present value of future amount of 60,400 with the following formula:
PV=FV/(1+i)^n
FV = Future value
i = interest rate
n = No of years
By applying the formula = 60,400/(1+.09)^3
PV= $46,639
Therefore, $46,639 should be recorded as a cost of truck.
Paying installment is better option than paying lump sum amount of $28,400 as present value of installment method ($26,322 as per below table) is less than immediate payment amount.
PV of installment method
Year installment method PV Factor PV
1 10,400 0.917 9,537
2 10,400 0.842 8,757
3 10,400 0.772 8,029
Total 26,322
Answer:
10.23%
Explanation:
Formula for computation of equivalent taxable yield is r = rm/1-t. Where the tax rate is t, rm is Yield on municipal bond and r is Tax equivalent yield
r = rm/1-t
r = 6.75% / 1 - 34%
r = 6.75% / 0.66%
r = 10.22727272727273%
r = 10.23%
So, the equivalent taxable yield to a taxpayer in a combined federal plus state 34% tax bracket is 10.23%.
