B because anything multiplied by 0 is equal to 0.
Answer:
No
Step-by-step explanation:
A. Using the straight-line depreciation method, we can
calculate for the depreciation using the formula:
d = (P – S) / n
Where,
P = present value
S = salvage value
n = number of life years
Substituting the given values:
d = ($465,000 - $45,000) / 15
d = $28,000
The depreciation for the first year was $28,000 and the
book value is $437,000.
B. Calculating for the book value at the end of eight
year:
BV (8) = $465,000 – 8 * $28,000
BV (8) = $241,000
<span>Since the equipment was sold at only $235,000 therefore
there was a loss of $6,000.</span>
<span>C. Chart of accounts is needed.</span>
Answer:
-2.4, -2.19, -11/8, 13/4
Step-by-step explanation:
The negatived always go first - they are always the least
13/4 =
-2.4, -2.19, -11/8, 13/4
