true or false Deflation can be differentiated from disinflation in that the deflation rate is always negative while the disinfla
1 answer:
You might be interested in
Nirav recently opened a savings account offering 2% annual compound interest, this means that Nirav will earn the same amount of interest each year for four years.
<h3>What is a saving account?</h3>An account at a retail bank is formally called as a savings account. This is a type of account that person granted a person that his money is safe in a particular bank. Refer to the image below for the complete question.
The given case tells about that <u>what would be the impact</u> of savings account offering 2% annual compound interest on Nirav, then he will earn the same amount of interest compounded each year for four years.
Learn more about the interest, refer to:
#SPJ1
Answer:
$4366.67
Explanation:
Given: Asset book value on july 1, year 3= $57800
Salvage value= $5400
Useful life left= 6 years.
Now, computing the depreciation expense under straight line method.
Formula; Depreciation=
Useful life in months=
Next, Depreciation expense=
∴ Monthly depreciation expense= $ 727.77
Depreciation expense for last six months of year 3=
∴ Depreciation expense for last six month of year 3 is $4366.67.