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Assuming a 360 -day year, the interest charged by the bank, at the rate of 10%, on a 90 -day, discounted note payable of $113,936
Assuming a 360 -day year, the interest charged by the bank, at the rate of 10%, on a 90 -day, discounted note payable of $113,936 is a. $113,936 b. $5,697 c. $11,394 d. $2,848 Computer equipment was acquired at the beginning of the year at a cost of $51,159 that has an estimated residual value of $2,762 and an estimsted useful life of 3 vears. Determine the second-ywar deprecation wing the straight-line method. a. 532,26467 1. 3161323 e 51705300 On June 8 , Wiliams Company issued an $83,871,12%,120-day note pavable to Brown Industries, Assuming a 360 -day year for your ealoulotions, what is the matarity value of the note? When required, round your answer to the nearest dollar. - steos b. 597,276 c. $93,936 4. A machine with s cost of 560,400 has an estimated residual value of $3,528 and on estamated life of 5 years or 16,101 hours. What is the arneunt of depreciation for the cecond full yeat, using the double doclinung balance method? 4. 5120000 t. 1144amos c. $24.10000 a. 12274k0
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