Compute the missing value.
a. An increase by 90 is 15 of the base value ______.
b. Profits were 250,00 . in June, but only 220,00 . in July. The rate of decrease was ______.
c. Base value = 720; decrease = 25; new (final) value = ______
Q. 2A retail store using sum-of-the-years-digits method of depreciation purchased equipment costing 36,00 . and put it use on June 1 . The equipment 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 second year.
Q. 3Compute the missing value.
a. Manufacturing increased from 2,200 packages per day to 2,750 packages per day; the percent increase was __________.
b. Base value = 360; increase = 15; new (final) value = __________
c. Increasing the base value _________ by 300 . gives an increase of 720 units.
Q. 4A retail store using sum-of-the-years-digits method of depreciation purchased equipment costing 36,00 . and put it use on June 1 . The equipment is expected to have a useful life of 10 years and an estimated resale value of 2,400 . Compute the depreciation expense for June 1 through December 31 of the first year and all 12 months of the second year.
Q. 5Solve each of the following for the missing value. Round amounts to the nearest two decimal places.
a. 27.5 of 60,00 . = __________
b. 1/3 of __________ = 6.40
c. __________ of 6,400 = 16
Q. 6A day-care center using the double-declining-balance method of depreciation purchased equipment costing 36,00 . and put it use on June 1 . The equipment 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. 7Solve each of the following for the missing value. Round amounts to the nearest two decimal places.
a. 37.5 of 40,00 . = __________
b. 1/5 of __________ = 4.80
c. __________ of 2,400 = 18
Q. 8A day-care center using the double-declining-balance method of depreciation purchased equipment costing 36,00 . and put it use on June 1 . The equipment is expected to have a useful life of 10 years and an estimated resale value of 2,400 . 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.
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