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10.07.2022 - 03:39

Assume Sambazon.com sold an acai processing machine for $172,000 cash. If accumulated depreciation on the sale date was $59,500 and a gain of $6,850 was recognized on the sale. What was the original cost of the asset? A. $66,350 B. $224,650 C. $165,150 D.

Question:

Assume Sambazon.com sold an acai processing machine for $172,000 cash. If accumulated depreciation on the sale date was $59,500 and a gain of $6,850 was recognized on the sale.

What was the original cost of the asset?

A. $66,350

B. $224,650

C. $165,150

D. $112,500

E. $217,800

Answers (0)

Myra April 7, 2023 в 05:29

The initial principal or PW (present worth) that will be repaid with monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month can be calculated using the formula for calculating present worth. Present Worth = [Payment x (1 - (1 + i)^-n)] / i Where, Payment = $500 per month i = 0.75% per month n = 4 years x 12 months = 48 months Substituting the values in the formula, Present Worth = [$500 x (1 - (1 + 0.0075)^-48)] / 0.0075 = [$500 x (1 - 0.2984)] / 0.0075 = $24,646.67 Therefore, the initial principal or PW that will be repaid is $24,646.67.

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