Answer:
I’m pretty sure the answer is A.
Hope this helps!
Given:
Payee: Vanderbilt Corporation
Notes Receivable from Stanford Company
<span>$12,000, 7%, 8-month
Debit Credit
October 1, 2016
Notes Receivable 12,000
Cash 12,000
*to record notes receivable from Stanford Company
December 31, 2016
Interest Receivable 560
Interest Income 560
12,000 * 7% * 8/12 = 560
*to recognize interest earned but not yet received
June 1, 2017
Cash 12,560
Notes Receivable 12,000
Interest Receivable 560
*to recognize full payment on note.</span>
Answer:
The answer is 100% without a doubt A
Step-by-step explanation:
we can use formula
now, we can find a and b
Initially , price is 500
so,
At 
now, we can plug back
At 
we can use it and find b
now, we can solve for b
and we get
so,
annual depreciation rate is 27.144%.......Answer
