Solve each of the following for the missing value. Round amounts to the nearest two decimal places.
a. 127 of 460 = __________
b. __________ of 220 = 9.90
c. 33 1/3 of __________ = 117
Q. 2A dental office using the straight-line method of depreciation purchased equipment costing 72,00 . and put it into use on June 1 . The equipment is expected to have a useful life of ten years and an estimated resale value of 4,800 . Compute the book value at end of the third year.
Q. 3Solve each of the following for the rate. Round amounts to the nearest two decimal places.
a. ______ of 12.50 = 4.50
b. ______ of 0.35 = 0.7
c. ______ of 750 = 15
Q. 4A dental office using the straight-line method of depreciation purchased equipment costing 72,00 . and put it into use on June 1 . The equipment is expected to have a useful life of ten years and an estimated resale value of 4,800 . Compute the depreciation expense for June 1 through December 31 of the first tax year and all 12 months of the second and third years.
Q. 5Solve each of the following for the rate. Round amounts to the nearest two decimal places.
a. ______ of 15.50 = 3.72
b. ______ of 0.24 = 0.6
c. ______ of 400 = 10
Q. 6The bookkeeper for the Reilly Construction Company is computing depreciation for income tax purposes, using the figures from the MACRS tables supplied by the IRS. Reilly Construction Company purchased a truck in February 200 . for 40,000 . In March 2005, a second truck was purchased for 48,000 . Assume that allowable depreciation for each truck is 20 for the first year and 32 for the second year. Compute the total allowable cost recovery on the two trucks for the year 2006.
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