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Lynna [10]
2 years ago
9

How do we find an interest rate?​

Business
1 answer:
Murrr4er [49]2 years ago
6 0

Answer:

i find de interst rate 10 %

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On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $40,000. Residual value at the end of an estimated 7 year
Degger [83]

Answer:

Part a

2021  = $7,000

2022  = $6,000

Part b

2021  = $5,250

Explanation:

Sum of the year`s digit method provide for higher depreciation in early life of the asset with lower depreciation in later years.

Step 1

<em>Some of digits calculation :</em>

Year      Digits

2021        7

2022       6

2023       5

2024       4

2025       3

2026       2

2027        1

Total      28

Step 2

<em>Determine the depreciable amount</em>

Depreciable amount = Cost - Residual value

                                   = $40,000 - $12,000

                                   = $28,000

Step 3

<em>Depreciation expense calculations</em>

2021 = 7 / 28 x $28,000 = $7,000

2022 = 6/ 28 x $28,000 = $6,000

assuming the equipment was purchased on March 31, 2021

2021 = $7,000 x 9/12 = $5,250

3 0
3 years ago
Why is the leaf washed with distilled water​
Aliun [14]
To remove almost all of the sodium and minerals
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2 years ago
Cyclical unemployment is BEST described as unemployment arising from
Ira Lisetskai [31]

Answer:

Contraction cycle or Recession

Explanation:

The cyclical unemployment is due to the cycles of economy ( expantion:Grow and contraction: recession) Under these circumstances unemployment is considered normal as the economy cannot sustain itself always in an expansion cycle.

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3 years ago
Which professional helps individuals and families minimize risk? A. real estate broker B. insurance agent C. personal finance ma
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B. Insurance agent.......
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Who would you vote for if you could? Explain Why connecting to issues facing your community.
andre [41]

Answer:

Explanation:

vote for what

4 0
2 years ago
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