Mathematics

12 May, 21:27

I have 100,000.00 for a new business. I purchased a piece of equipment for 100,000. The expected useful life is 5 years and salvage value is 20,000. I rented the machine for 25,000 a year for 5 years. operating costs annually are 6,000. At the end of the fifth year I sold equipment for 22,000.00 instead of 20,000.00. How is this calculated?

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “I have 100,000.00 for a new business. I purchased a piece of equipment for 100,000. The expected useful life is 5 years and salvage value ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

A recent study showed that women who lived near a freeway had an unusually high rate of rheumatoid arthritis. Sarah said, "They should move away from freeways." Select the correct fallacy in Sarah's reasoning?

Alice wants to use her savings at the end of the 2 months to buy concert tickets. if the tickets cost $17.50 each, how many can she buy?

17 is 40 percent of what number?

If the reserve rate is 3% and a bank receives a deposit of 16,000 how much of the 16,000 is the bank free to loan out?

Given the transformation rule f (x + 2), how will the graph of the function change?

New Questions in Mathematics

Randall bought a bond with a face value of $6000 and a coupon rate of 7.25%. the bond will mature in 5 years. how much interest will he receive semiannually?

Ryan has $0.75 worth of pennies and nickels. He has 3 more nickels than pennies. Determine the number of pennies and the number of nickels that Ryan has.

A stack of 6 books weighs 7.8 pounds. If each book weighs the same amount, how much doesn't each book weigh?

5/7 times 9/10 equals?

Question: The radius of a circle is 16 cm. Find an equation that expresses the ratio of the circumference of the circle to the circle's diameter as π. Show all steps.