Compute the missing value.
a. 100 cars were sold in October, but only 80 cars were sold in November. The rate of decrease was ______.
b. Start with 115; increase by 40; end up with ______
c. An increase by 6.40 is 16 of the base value ______.
Q. 2A real estate office using the double-declining-balance method of depreciation purchased office furniture costing 9,00 . and put it into use on April 1 . The furniture is expected to have a useful life of 10 years and an estimated resale value of 600 . Compute the depreciation expense for April 1 through December 31 of the first tax year and all 12 months of the second and third years.
Q. 3Compute the missing value.
a. 80 homes were sold in April, but only 68 homes were sold in May. The rate of decrease was ______.
b. Start with 120; increase by 50; end up with ______
c. An increase by 7.50 is 12 of the base value ______.
Q. 4An insurance office purchased office furniture costing 9,00 . and put it into use on April 1 . The furniture is expected to have a useful life of 10 years and an estimated resale value of 600 . Using the straight-line method of depreciation, compute the book value at the end of the third year.
Q. 5Compute the missing value.
a. The price decreased from 16.50 to 13.20; the percent decrease was __________.
b. Increasing the base value 217 by 100 . yields the new value __________.
c. Decreasing the base value _________ by 75 gives a decrease of 90 units.
Q. 6An insurance office purchased office furniture costing 9,600 and put it into use on April 1 . The furniture is expected to have a useful life of 10 years and an estimated resale value of 600 . Using the straight-line method of depreciation, compute the depreciation expense for April 1 through December 31 of the first year and all 12 months of the second year.
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