Answer:
What is wrong with my car?
Explanation:
Asking the question 'what is wrong with my car' will generate alot of possible solutions which cover everything about the car, unlike other questions that are specific. Predicting the possible cause of the problem will be difficult for anyone.
The problem might be 'an empty gasoline', it might also be an 'ignition problem' etc.
Answer:
Value of Investment= Principal (1+Rate of return)^Number of periods
For the first investment the principal is 7,500, the rate of return is 11.5% and the number of periods are 5 so the value of the investment will be
7,500 (1+0.115)^5=12,925
For the second investment the principal is 5,000, the rate of return is 11.5 and the number of periods are 3 as the 5,000 is invested two years from today.
5,000*(1+0.115)^3=6,931
Total value of investments = 12,925 +6,931 = $19,856
Answer:
Explanation:
Expenses can be capitalized if it improves the condition of an asset at acquisition and will increase the future benefits of the acquired asset.
The painting and the the cost of fixing the roof rack and the hitch are capitalized while the insurance cost is expended as administrative fee.
Cost
Cost of Vehicle - 11200
Painting - 2800
Fixing of roof and hitch - 1800
New vehicle cost - $15800
Useful life = 5 years
Depreciation rate = 1/5*100=20%
Scrap value - $4300
Depreciated value = $11500
Assuming a December 31 year end
Depreciation Accumulated depreciation
2019 1/2 year 11500*20%*1/2 =1150 1150
2020 11500*20% = 2300 3450
2021 11500*20% =2300 5750
2022 11500*20% =2300 8050
2023 11500*20% = 2300 10350
2024 1/2 year 11500*20%*1/2=1150 11500
