What is the correct answer please ExpenseGasInsuranceOilRegistrationDepreciationYearly costor rateA. $1.11 per mileC. $4.91 per mile$550.00$400.00$90.00$100.0020%Fernational Academy of Science. All Rights Reserved.OWhat is the cost permile over the course ofa year for a $24,000 carthat depreciates 20%,with costs shown in thetable, and that hasbeen driven for 10,000miles?B. $0.25 per mileD.$0.59 per mile

Expense Gas Insurance Oil Registration Depreciation Yearly cost or rate A. $1.11 per mile C. $4.91 per mile $550.00 $400.00 $90.00 $100.00 20% What is the cost per mile over the course of a year for a $24,000 car that depreciates 20%, with costs shown in the table, and that has been driven for 10,000 miles? B. $0.25 per mile D. $0.59 per mile

Expense Gas Insurance Oil Registration Depreciation Yearly cost or rate A. $1.11 per mile C. $4.91 per mile $550.00 $400.00 $90.00 $100.00 20% What is the cost per mile over the course of a year for a $24,000 car that depreciates 20%, with costs shown in the table, and that has been driven for 10,000 miles? B. $0.25 per mile D. $0.59 per mile

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Consider the following data on an asset:Cost of the asset. I $ 120,000Useful life. N 5 yearsSalvage value. S $30.000Compute the annual depreciation allowances and the resulting book valtu.:s.using the following methods:(a) The straight-line depreciation method(b) TI1e declining-balance method
The purchase price of on ocuipment is $45,000 which is expected to crop to $14,000 after 10 yecrs of use.If the applicoble ceprecietion methco is the streight fine depreciotion whot is the book volue of this equipment ot the beginning of the Bth yecr? tof O a. $23,300 O b. $24,800 O c. S21,700 O d. $3 100 O e. $20 200 What is the value of (r/A LN) Ir (P/A, N = 6.16587 O o. 30829 O b. 24.2804 O c. 5.5492 O d. 6.1658 O e. 1.0000
A $48,000 asset was purchased and classified as a Class 10 asset for CCA purposes. If the CCA rate is 30%, calculate UCC for the end of year 3. Select one: a. $15,800 b. $18,300 c. $19,992 d. $17,400 e. $16,660 ???
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