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A company purchases a vehicle for $20,000 and depreciates it a rate of 10% of the...
Question 16 A vehicle purchased for $32500 depreciates at a constant rate of 4 %. Determine...
Question 16
A vehicle purchased for $32500 depreciates at a constant rate of 4 %. Determine the approximate value of the vehicle 12 years after purchase. Round to the nearest whole number. Preview Get help: Video License Points possible: 1 This is attempt 1 of 2 Submit 1 1) 1) 1/11 1/1) (1/1) 10.9/11 103) 310/6) 80 VO A * A # 3 $ 4 % 5 & 7 Il 6 8 9 E 20 т Y U 0 P
A company depreciates its motor vehicles based on reducing balance method on strict time basis at the rate of 25 per cent per annum on 31 December each year. Depreciation on its plant at the rate of 10 per cent per annum, straight line method with a full
A company depreciates its motor vehicles based on reducing balance method on strict time basis at the rate of 25 per cent per annum on 31 December each year.Depreciation on its plant at the rate of 10 per cent per annum, straight line method with a full year’s depreciation charged in the year of acquisition and none in the year of disposal.The following are the balances of the non-current assets as at 31 December 2015: Motor Vehicles $Original cost 50,000Accumulated depreciation (15,000)Net...
A vehicle manufacturing company wants to investigate how the price of one of its car models...
A vehicle manufacturing company wants to investigate how the price of one of its car models depreciates with age. The research department at the company took a sample of nine cars of this model and collected the following information on the ages (in years) and prices (in thousands of RM) of these cars. Age 6 4 3 10 2 5 8 7 9 Price 39 93 99 19 148 47 18 37 20 (e) Construct a 95% confidence interval for...
75. Rae Company purchased a new vehicle by paying $10,000 cash on the purchase date and...
75. Rae Company purchased a new vehicle by paying $10,000 cash on the purchase date and agreeing to pay $3,000 every three months during the next five years; the first payment is due three months after the purchase date. Rae's incremental borrowing rate is 12%. At what amount would the liability be reported at on the balance sheet as of the purchase date, after the initial $10,000 payment was made? A. $44,633 B. $50,000 C. $54,633 D. $60,000 76. Rae...
Salalah Mills Ltd. purchases machinery which costs RO 20,000. The useful life of the machine is...
Salalah Mills Ltd. purchases machinery which costs RO 20,000. The useful life of the machine is 9 years and the annual rate of depreciation is 6% per annum, depreciation being calculated on WDV method. After 9 years, the existing machine has to be replaced by a new one which will cost 250% more than the book value of the existing machine at that time. a) If company sells existing machine at scrap value, What is the extra amount the company...
(7) A man borrows a loan of $20,000 to purchase a car at annual rate of...
(7) A man borrows a loan of $20,000 to purchase a car at annual rate of interest of 6%. he will pay back the loan through monthly installment over 5 years with the first installment to be made three months after the release of the loan. what is the monthly installment he needs to pay?
17. A company pays off a loan of $1.600.000 by paving the same amount at the...
17. A company pays off a loan of $1.600.000 by paving the same amount at the end of each year for 20 years. The annual interest rate on the loan is 3.390 Most nearly, what is the annual payment? (A) $57,000 (B) $110.000 (C) $320,000 (D) $840.000 1. A computer with a useful life of five years has an ini- tial cost of $6000. The salvage value is $2300, and the annual maintenance is $210/yr. The interest rate is 8%....
A used car dealer says that the mean price of a three-year-old sports utility vehicle is...
A used car dealer says that the mean price of a three-year-old sports utility vehicle is $20,000. You suspect this claim is incorrect and find that a random sample of 22 similar vehicles has a mean price of $20,674 and a standard deviation of $1943. Is there enough evidence to reject the claim at a = 0.01? Complete parts (a) through (e) below. Assume the population is normally distributed (a) Write the claim mathematically and identify H, and H. Which...
answer all questions please 15. A company is considering buying a computer with the following costs...
answer all questions please
15. A company is considering buying a computer with the following costs and interest rate. initial cost $3900 salvage value $1800 useful life 10 years annual maintenance $390 interest rate 69 Most nearly, what is the equivalent uniform annual cost (EUAC) of the computer? (A) $740 (B) $780 (C) $820 (D) $850 20. An engineer is evaluating two options for distribut- ing products from a production facility: renting or own ing trucks. The effective annual interest...
Problem 4: Vehicle Costs (38 points Your aunt hears that you're studying sustainability and energy, and...
Problem 4: Vehicle Costs (38 points Your aunt hears that you're studying sustainability and energy, and she wants your advice about choosing a fuel-efficient vehicle! She drives 12,000 miles per year (typical for the US) and plans to keep her car for 5 years before selling it (again, quite typical). She's considering three cars Car Purchase price Tax credit 5-year resale price Fuel efficiency (capital cost)(first year) (residual value) Toyota Yaris $15,000 33 miles/gallon 50 miles/gallon 3 miles/kWh none $10,000...
Question 16
A vehicle purchased for $32500 depreciates at a constant rate of 4 %. Determine the approximate value of the vehicle 12 years after purchase. Round to the nearest whole number. Preview Get help: Video License Points possible: 1 This is attempt 1 of 2 Submit 1 1) 1) 1/11 1/1) (1/1) 10.9/11 103) 310/6) 80 VO A * A # 3 $ 4 % 5 & 7 Il 6 8 9 E 20 т Y U 0 P
17. A company pays off a loan of $1.600.000 by paving the same amount at the end of each year for 20 years. The annual interest rate on the loan is 3.390 Most nearly, what is the annual payment? (A) $57,000 (B) $110.000 (C) $320,000 (D) $840.000 1. A computer with a useful life of five years has an ini- tial cost of $6000. The salvage value is $2300, and the annual maintenance is $210/yr. The interest rate is 8%....
A used car dealer says that the mean price of a three-year-old sports utility vehicle is $20,000. You suspect this claim is incorrect and find that a random sample of 22 similar vehicles has a mean price of $20,674 and a standard deviation of $1943. Is there enough evidence to reject the claim at a = 0.01? Complete parts (a) through (e) below. Assume the population is normally distributed (a) Write the claim mathematically and identify H, and H. Which...
answer all questions please
15. A company is considering buying a computer with the following costs and interest rate. initial cost $3900 salvage value $1800 useful life 10 years annual maintenance $390 interest rate 69 Most nearly, what is the equivalent uniform annual cost (EUAC) of the computer? (A) $740 (B) $780 (C) $820 (D) $850 20. An engineer is evaluating two options for distribut- ing products from a production facility: renting or own ing trucks. The effective annual interest...
Problem 4: Vehicle Costs (38 points Your aunt hears that you're studying sustainability and energy, and she wants your advice about choosing a fuel-efficient vehicle! She drives 12,000 miles per year (typical for the US) and plans to keep her car for 5 years before selling it (again, quite typical). She's considering three cars Car Purchase price Tax credit 5-year resale price Fuel efficiency (capital cost)(first year) (residual value) Toyota Yaris $15,000 33 miles/gallon 50 miles/gallon 3 miles/kWh none $10,000...
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