A medical office using the double-declining-balance method of depreciation purchased office furniture costing 36,00 . and put it in use on May 1 . The furniture is expected to have a useful life of 10 years and an estimated resale value of 2,400 . Compute the book value at the end of the third year.
Q. 2Before Christmas, the price of a shoe in a Heel's Store for Women was 70 . At the post-Christmas sale, the price was 35 . By what percent had the price of the shoe been reduced?
Q. 3A medical office using the double-declining-balance method of depreciation purchased office furniture costing 36,00 . and put it in use on May 1 . The furniture is expected to have a useful life of 10 years and an estimated resale value of 2,400 . Compute the depreciation expense for May 1 through December 31 of the first tax year and all 12 months of the second and third years.
Q. 4Before Christmas, the price of a necktie in a Patrick's Store for Men was 40 . At the post-Christmas sale, the price was 26 . By what percent had the price of the necktie been reduced?
Q. 5A legal office using the straight-line method of depreciation purchased office furniture costing 36,00 . and put it into use May 1 . The furniture is expected to have a useful life of 10 years and an estimated resale value of 2,400 . Compute the book value at the end of the third year.
Q. 6Westside Trailer Rental has 188 trailers available for rent. Last year, it had 160 available for rent. Compute the percent increase in the number of trailers available for rent.
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