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Kamila [148]
2 years ago
6

A truck was purchased for $180,000 and it was estimated to have a $36,000 salvage value at the end of its useful life. Monthly d

epreciation expense of $3,000 was recorded using the straight-line method. The annual depreciation rate is Group of answer choices
Business
1 answer:
Nezavi [6.7K]2 years ago
7 0

Answer:

the annual depreciation rate is 25%

Explanation:

The computation of the depreciation rate is shown below:

= Yearly depreciation ÷ (Purchased cost - salvage value)

= ($3,000 × 12 months) ÷ ($180,000 - $36,000)

= $36,000 ÷ $144,000

= 25%

Hence, the annual depreciation rate is 25%

we simply applied the above formula

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Robert Gillman, an equity research analyst at Gillman Advisors, believes in efficient markets. He has been following the mining
taurus [48]

Answer:

Growth rate 2.4%

Explanation:

MV=D1/(Ke-g)

Where MV=share market value=$15

D1=Dividend at year end=$.72

Ke=stock's expected rate of return=7.2%

By putting above values in formula, we get;

MV=D1/(Ke-g)

15=.72/(7.2%-g)

15*7.2%-15g=.72

1.08-15g=.72

.72-1.08=-15g

g= -.36/-15

g=2.4%

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3 years ago
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3 years ago
The balances in Sanchez Accounting Services' office supplies account on February 1 and February 28 were $1,100 and $475, respect
Hitman42 [59]

Answer:

$575

Explanation:

Given that,

Opening office supplies = $1,100

Closing office supplies = $475

Office supplies expense for the month = $1,200

Opening stock + Purchases - Closing stock = Consumption

$1,100 + Purchases - $475 = $1,200

$625 + Purchases = $1,200

Purchases = $1,200 - $625

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Therefore, the amount of office supplies was purchased during February is $575.

7 0
2 years ago
5 steps in developing a research instrument
juin [17]

Answer:

Explanation:

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3 years ago
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A Treasury bond due in one year has a yield of 5.7%; a Treasury bond due in 5 years has a yield of 6.2%. A bond issued by Ford d
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Answer:

d. 0.8% and 1.3%.

Explanation:

The default risk premiums on the bonds issued by Shell = 6.5% - 5.7% = 0.8%

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Hence, the default risk premium issued by Shell and Ford respectively are 0.8% and 1.3%

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3 years ago
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