Answer:
Step-by-step explanation:
a) Data and Calculations:
Estimated useful life of a computer = 5 years
Cost of a computer purchased = $2,400
Annual depreciation expense = $480 ($2,400/5)
This means that the business owner chooses to spread (expense) the cost of the computer over 5 years at a rate of $480.
After 3 years, the cost already expensed = $1,440 ($480 * 3)
The Remaining value of this computer after 3 years of use will be $960 ($2,400 - $1,440).
b) Depreciation is an accounting method for spreading (or expensing) the cost of a long-term asset over its useful life.
Answer:
-12y+48
Step-by-step explanation:
6(7-3y)+6(y+1)
42-18y+6y+6
-12y+42+6
-12y+48
We first add the tax to the non-food items. We have ($3.00+$.50)*1.05=($3.50)*1.05=$3.675 (Which can be rounded up to $3.68, since we can't have a fraction of a cent).
Now, we add the cost of the food to $3.68. As a result, we have $3.68+$2.50=$6.18 as the total bill.
