Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 02, 2024

Using the reducing-balance method, how many years approximately will it take an asset to depreciate from 12,000 to 2,200 if the annual depreciation rate is

Using the reducing-balance method, how many years approximately will it take an asset to depreciate from 12,000 to 2,200 if the annual depreciation rate is 25%.

	A.	6 years
	B.	12 years
	C.	8 years
	D.	4 years
	E.	10 years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Wealth Mastery Unveiled By Marcus M Dawson A Millennial S Guide To Financial Freedom And Success

Authors: Marcus M. Dawson

1st Edition

979-8865054313

More Books

Students also viewed these Finance questions

Question

★★★★★

A business borrows $1,000, giving a note that requires an interest rate of 12 percent per year and repayment of principal plus interest in a single payment at the end of one year. Calculate the total...

Answered: 1 week ago

Question

★★★★★

2. In this exercise, we examine how data dependences affect execution in the basic 5-stage pipeline described in Chapter 4.5 (An overview of pipelining). Problems in this exercise refer to the...

Answered: 1 week ago

Question

★★★★★

Do some research on Muhammad Yunus and the Grameen Bank. Identify the social business model of the bank. How does its social business model differ from the business models of traditional banks?...

Answered: 1 week ago

Question

★★★★★

Last year, Ridgecrest Inc. had sales of $3,200,000, based on a unit selling price of $400. The variable cost per unit was $240, and fixed costs were $1,088,000. The maximum sales within Ridgecrest...

Answered: 1 week ago

Question

★★★★★

Using the reducing-balance method, how many years approximately will it take an asset to depreciate from 12,000 to 2,200 if the annual depreciation rate is 25%. A. 6 years B. 12 years C. 8 years D. 4...

Answered: 1 week ago

Question

★★★★★

Evaluate x/6 0 4 cos (3x)dx. x/6 S 4 cos (3x)dx =

Answered: 1 week ago

Question

★★★★★

Determine two or more obstacles to implement TQM in anyone of the organization listed below: 1. Large bank 2. Health care facility 3. Academic department 4.non academic department 5. Department store...

Answered: 1 week ago

Question

★★★★★

show a method called stringToListOfWords() which takes in a String converts it into a list of words. We assumes that each word in the input string is separated by whitespace.3 If our input String is...

Answered: 1 week ago

Question

★★★★★

Sales on account amounting to 80,955 were made at a gross profit rate of 40% of cost of goods sold. What is the cost of goods sold?

Answered: 1 week ago

Question

★★★★★

1. A sequential circuit has two JK flip-flops A and B, two inputs x and y, and one output Z. The flip-flop input equations and circuit output equation are: (a) Draw the logic diagram of the circuit....

Answered: 1 week ago

Question

★★★★★

1. A alcohol level is to be drawn. What do you do? 2. A druggist is preparing a medication. Each capsule requires 0.007 gram of aspirin. He has 14 grams of aspirin. How many capsules can he prepare?

Answered: 1 week ago

Previous Question Next Question