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Karolina [17]
3 years ago
7

A new car sells for $25,000. The value of the car decreases by 15% each year. What is the approximate value of the car 5 years a

fter it is purchased? 25,000 (1 minus 0. 15) Superscript 5, or approximately $11,093 25,000 minus 1500 (5), or approximately $17,500 25,000 (0. 15) Superscript 5, or approximately $18,984 25,000 minus left-bracket (100 minus 15) (5) Right-bracket, or approximately $24,575.
Business
1 answer:
Rama09 [41]3 years ago
7 0

Depreciation is an accounting method for allocating the cost of a tangible or physical asset over its <u>usable life</u>. Depreciation is a term used to describe<u> how much</u> of an asset's worth has been used.


<h2>Given:</h2>


Initial value of the Car = 25,000

Depreciation of the Car= 15% per annum based on net book value

<h3>The computation:
</h3>

Note: t = Number of years

\text{Net book value} = 25,000 (1 - 0.15)^t

NBV = 25,000 (0.85)^5\\\&#10;&#10;NBV = 25,000 (0.4437)\\\&#10;&#10;NBV = 11,092.50&#10;&#10;&#10;

As a result, the car's approximate value 5 years after purchase is 11,092.50.


For more information about computing sum, refer below:

brainly.com/question/1373966

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Production fees refer to all of the direct and oblique fees businesses face from production a product or offering a carrier. Manufacturing expenses can consist of a selection of costs, including exertions, raw substances, consumable manufacturing materials, and general overhead.

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closed-toed footwear.

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what would you do if you were offered a promotion that you were not certain about accepting? What factors would you take into ac
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Answer:

Answer

Explanation:

I would most likely accept the promotion.

Several factors would influence my decision.

- The new scope of responsibilities

This will include all the additional risks and tasks that I will get by accepting the promotion. Taking new responsibilities might sound scary, and many people will be discouraged by this. But at some point, all great leaders are someone without any experience too. As long as we are open to criticism, we will adapt to our new responsibilities.

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Assume that the reserve ratio is 20% and banks in the system are loaning out all their excess reserve. If people collectively ca
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C. decreased by $40 billion

Explanation:

For computing the lending ability, first we have to determine the money multiplier which is shown below:

We know that

Money multiplier = 1 ÷ reserve ratio

                            = 1 ÷ 20%

                            = 5

So, the total cash would be

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6 0
3 years ago
A firm has 12,000 shares of common stock outstanding with a book value of $20 per share and a market value of $39. There are 5,0
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13.7%

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Weight of preferred stock=$130,000 /($130,000 +$468,000+$348,000)=0.137420719 =13.7%

6 0
3 years ago
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