Answer:
The maximum depreciation expense is $2,792
Explanation:
In order to calculate the maximum depreciation expense we would have to calculate the depreciation of service computer equipment and the service furniture as follows:
depreciation of service computer equipment=$15,500*5%
depreciation of service computer equipment=$775
depreciation of service furniture=$11,300*17.85%
depreciation of service furniture=$2,017
Therefore, maximum depreciation expense=depreciation of service computer equipment+depreciation of service furniture
maximum depreciation expense=$775+$2,017
maximum depreciation expense=$2,792
We can record a capital expenditure using the debit asset
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Your goal is to have $15,000 in your bank account by the end of four years. The interest rate remains constant at 4% and you want to make annual identical deposits.
<u>End of the year:</u>
To calculate the annual deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (15,000*0.04) / [(1.04^4) - 1]= $3,532.35
<u>Beginning of the year:</u>
A= {(FV*i)/ {[(1+i)^n] - 1]} / (1+i)
A= 3,532.35/ 1.04= $3,396.49
The difference resides in the interest compounded. At the beginning of the year the interest compound for one more period.
Answer:
Following are the solution the given question:
Explanation:
Based on the amount the bicycle was sold for and the cost to produce, the return on investment was <u>23.5%. </u>
<h3>What was the return on investment?</h3>
This can be found by the formula:
= (Total Return – Amount Invested)/Amount Invested x 100%
Solving gives:
= (85 - 65) / 85 x 100%
= 20 / 85 x 100%
= 23.5%
In conclusion, this is 23.5%.
Find out more on return on investment at brainly.com/question/15726451.
