Values for the first year of a project are projected as: Sales = $1.800, Depreciation = $300, Fixed costs = $450, Variable costs
1 answer:
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Answer:
annual sum must he set aside $16209.42
Explanation:
given data
engineer wishes = $3 million
retires time = 35 years
nominal interest = 8%
solution
we get here effective annual rate that is
interest rate = ...........1
interest rate =
interest rate = 0.08328 = 8.33%
and
now we get annual sum must he set aside that is
amount = $3 million ×
amount = $3000000 ×
amount = $16209.42
Answer:
$6,200
Explanation:
Using the straight-line method of depreciation, the depreciation expense is the same for each year during the estimated 10-year life of the asset. The yearly depreciation is given by:
Blossom Company has a depreciation expense for 2017 of $6,200.