Solve each of the following for the rate. Round amounts to the nearest two decimal places.
a. ______ of 50 = 200
b. ______ of 316 = 553
c. ______ of 84 = 37.8
Q. 2The 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 2005.
Q. 3Solve each of the following for the base. Round amounts to the nearest two decimal places.
a. 55 of __________ = 110
b. 1.25 of __________ = 16
c. 120 of __________ = 4.2
Q. 4The bookkeeper for the Martel Company is computing depreciation for income tax purposes, using the figures from the MACRS tables supplied by the IRS. The equipment being depreciated had a cost of 16,00 . and falls under the class of equipment to be depreciated at a rate of 20 for the first year and 32 for the second year. The equipment was purchased and put into use during the first quarter. Compute the total amount of depreciation expense through the end of the second year.
Q. 5Solve each of the following for the base. Round amounts to the nearest two decimal places.
a. 25 of __________ = 4.25
b. 150 of __________ = 1.05
c. 0.375 of __________ = 3.09
Q. 6The bookkeeper for the Martel Company is computing depreciation for income tax purposes, using the figures from the MACRS tables supplied by the IRS. The equipment being depreciated had a cost of 16,00 . and falls under the class of equipment to be depreciated at a rate of 25 for the first year and 21.43 for the second year. The equipment was purchased and put into use during the first quarter. Compute the amount of depreciation expense for the first year.
Q. 7Solve each of the following problems for the percentage.
a. 125 of 42.60 = ______
b. 0.325 of 100 = ______
c. 200 . of 2.47 = ______
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