Answers
--Part B
Maturity value = Face value +
Interest
= $ 36000 + (36000 x 10% x 120/360)
= 36000 + 1200
= $ 37,200
Part a: Depreciable cost = $ 140400 cost - $ 5400 salvage value = $ 135000
Part b = Straight line rate = [($135000 / 10 years) / 135000] = 10%
Part c = Annual Straight line depreciation = $ 135000 x 10% = $ 13500
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