Answer:
$25000
Step-by-step explanation:
If the salvage value is 20% of the cost, then 80% of the cost will be depreciated over 10 years. Over the 5 years from Jan 1 20X1 to Dec 31 20X5, the $10,000 accumulated depreciation represents 5/10 of that 80%, or 40% of the initial cost.
$10,000 = 0.40 × cost
$10,000/0.40 = cost = $25,000
The acquisition cost of the equipment was $25,000.
Answer:
ccccc
Step-by-step explanation:
Answer:
r^42
Step-by-step explanation:
Just multiply the two exponents together:
(r^7)^6 = r^42
Answer:
5.65%
Step-by-step explanation:
Principal=$600
Time=20 years
FV=600*3=$1800
n=1
r=?
r= n[(A/P)^1/nt - 1]
=1{(1800/600)^ 1/1*20 - 1}
={(3)^1/20-1}
=3^0.05-1
=1.0565-1
=0.0565
rate=0.0565*100
=5.65% to the nearest hundredth percent