A compact car depreciates at 10% per year three years ago it was purchased for 21,000. Whats it worth now? Pls help me

Answers

Answer 1

Answer:

Step-by-step explanation:

Methods of depreciation

In practice, several different methods for calculating depreciation are used. These methods can be either based on the passage of time or the level of usage of the asset. The following depreciation methods can be applied to different types of tangible assets:

Note that at the end of an asset lifespan, the total amount of its depreciation will be identical, no matter which method of depreciation is applied. The only thing that varies over the different methods of depreciation is the timing (the amount of money that is depreciated over the smaller periods).

In the further part of this text, we will focus on the description of the three most commonly used types of depreciation: the straight line depreciation, the declining balance depreciation, and the sum of years digits depreciation. We're going to pay attention especially to the depreciation formulas and the detailed explanation of how to calculate the value of depreciation with each of them.

Residual value and depreciation

As was already mentioned, residual value (salvage value) is an estimated amount of money that an asset will be worth after the planned number of years of use. Obviously, in real life, it is impossible to accurately predict the exact salvage value of an asset after a particular number of years.

That means that the salvage value is only an approximation. However, in accounting, this approximation is just a kind of a transition state. It is because when you sell an asset, if the cash received for it is greater than its net book value (Initial Value minus Accumulated Depreciation), you will need to record a gain on sale. On the other hand, if you sell an asset below its net book value, you will need to record a loss on sale.

Note here that, if this number of years in use is equal to the product lifetime, the residual value is zero.

Car depreciation calculator

For sure, one of the most interesting cases of depreciation is the loss of value of a motor vehicle. As you probably know, the value of a brand new car decreases sharply as soon as you drive off of the car dealership (experts say that the value of a car decreases to 91% of the initial value the minute you purchase it!). Over the next years, the value of the car decreases, until after several years (around 10 to 11), it reaches zero value. Obviously, you will still be able to sell it. However, its market value will be very low. To avoid the hassles of selling a used car, many people prefer leasing a car these days instead of buying one.

If you are interested in detailed car depreciation calculations, be sure to look at our car depreciation calculator. It uses a model more specific to automobiles.

How to use our depreciation calculator?

Our smart depreciation calculator enables you to compute the yearly depreciation and to determine the value of an asset after a certain time has passed on the basis of the three most commonly used methods. They are the straight line depreciation, the declining balance depreciation, and the sum of years digits depreciation.

To get results using our calculator, all you need to do is to fill in four fields:

Original cost - the original value of the asset (purchasing price),

Residual value - an estimated amount of money that an asset will be worth after the lifetime has elapsed (it is usually assumed that it is equal to zero, for more information see section Residual value and depreciation),

Lifetime - the estimated number of years the asset is likely to remain in service,

End book value after… - in this field, you should provide the year after which you would like to compute the book value of the asset.

And that's it! In a moment, our depreciation calculator computes three variants of depreciation. If you are curious how it works, you should get familiar with the depreciation of the formulas described in the following sections of the article. Each formula uses the same set of symbols:

OV is the original cost (value) of the asset,

RV is the residual value of the asset,

n is the lifetime of the asset,

m is the number of years that passed between when the asset was purchased and the date you want to sell it (it corresponds with the field End book value after… in the calculator).


Related Questions

Could anyone find the answer for this?

Answers

Answer:

63cm

3 x 21 = 63

Answer: 63 cm

Step-by-step explanation: For every one cm deep, there is a further scale of 21 cm more. If the pond is 3 cm deep, then the scale would be 21 * 3, which is equivalent to 63.

MATH PLS HURRY A rectangular prism has a length of 4 1/2 centimeters, a width of 4 1/2 centimeters, and a height of 6 centimeters. Sally has a storage container for the prism that has a volume of 143 cubic centimeters.
What is the difference between the volume of the prism and the volume of the storage container?




Enter your answer in the box as a simplified mixed number or a decimal.

Answers

4.5 x 4.5 x 6 = 121.5
In this case, it’s asking for prism - container, so it would be 121.5 - 143, which equals -21.5

PLEASE!! SOLVE FOR X​

Answers

Answer: x = 1.408

Step-by-step explanation:

We can first start by cross multiplying:

7.5x*5 = 4.8*11

We can now evaluate the decimals:

37.5x = 52.8

Now we can divide both sides by 37.5:

x = 1.408

What is the maximum value of P = 24x + 30y, given the constraints on x and y listed below?

Answers

Answer:

Answer:So the maximum value of P is 138.Step-by-step explanation:

P(0,0)= 24(0) + 30(0) =0

P(0,1)= 24(0) + 30(1) =30

P(5,0)= 24(5) + 30(0) =120

P(2,3) =24(2) + 30(3) = 138I also

If the linear equation is P = 24x + 30y. Then the maximum value of the linear equation P is 138.

What is the linear system?

A Linear system is a system in which the degree of the variable in the equation is one. It may contain one, two, or more than two variables.

The maximum value of P = 24x + 30y will be

P(0,0)= 24(0) + 30(0) =0

P(0,1)= 24(0) + 30(1) =30

P(5,0)= 24(5) + 30(0) =120

P(2,3) =24(2) + 30(3) = 138

More about the linear system link is given below.

https://brainly.com/question/20379472

#SPJ2

Need help finding the measure of the arc or angle indicated

Answers

Answer:

70 degrees

Step-by-step explanation:

angle a and angle b are supplementary angles. if m angle a = (7x+14)° and m angle b =( 5x-26)°, then find the measure of angle b.​

Answers

Answer: 54 degrees

Step-by-step explanation:

Cody found the sum of the exterior angles to be 380°. Did Cody make an error? If so describe it. No, Cody did not make an error. The sum of the exterior angles of a triangle should be 380°. Yes, Cody made an error adding the three exterior angles together. Yes, Cody made an error drawing the exterior angles. The 145° angle is not an exterior angle. Yes, Cody made an error drawing the exterior angles. The 100° angle is not an exterior angle.

Answers

Answer:

the answer is C.

Step-by-step explanation:

Answer C.

NEED HELP ASAP DUE SOON!!!!

Answers

Answer:

Step-by-step explanation:

Choice A, B, D, F

Hope that helps!

For each value of x, determine whether it is a solution to -20 > 3x+7.

Answers

Answer:

53

Step-by-step explanation:

3x+7

3 • (-20)+7

-60+7 = 53

You're welcome !

Help me for pls idc I’ll give out Brainly

Answers

Answer:

D....because its the odd one out and makes since :)

If you actually work out the problem you’ll see that the actual answer is C. Hope this helps :)

Find 3 3/4+1 2/3 in the simplest form

Answers

Step-by-step explanation:

3¾+ 1⅔ = [ 3+1] +( ¾ +⅔)

= 4+( 9/12 + 8/12)

= 4 ¹/12 (θ‿θ)

the radius of a circle is 9 feet. What is the length of a 180° arc? Give the exact answer in simplest form.​

Answers

Answer: 9π
Explanation: 180° arc is half of the circle so its length must be half of the circle circumference: (2π(9))/2 = 9π

Chris ate 1/8 of a banana cream pie with a 14 inch diameter. What is the area of the remaining portion of the pie? Round to the nearest tenth. Use 3.14 for pi.

Answers

Answer:

Area of a circle is pi x radius squared.

If we use 3.14 for pi, and the Diameter is 14 so that radius will be 7 (half of diameter), this means we have 3.14 x 7 squared = 153.86.

Total area of pie is 153.86.

If 1/8 was eaten that means 7/8 are left.

153.86/8= 19.23

19.23 x 7 = 134.6 to the nearest tenth..

Please help me anwser these questions. No URLS

Answers

Answer:

$6400 at 13%, $3600 at 10.5%82 hot dogs and 91 hamburgers

Step-by-step explanation:

These are variations of a "mixture problem." A reasonable approach to the solution is to choose a variable to represent the quantity of the item contributing most to the mix. Then the quantity of the other item is the difference from the total quantity and the variable value. The equation you write will add up the values of the different quantities to get the total value.

__

1.

Let x represent the amount invested at 13%. Then 10000-x is the amount invested at 10.5%, and the total interest earned is ...

  0.13x +0.105(10000 -x) = 1210

  0.025x +1050 = 1210 . . . . . eliminate parentheses

  0.025x = 160 . . . . . . . . . subtract the constant on the left

  x = 6400 . . . . . . . . . . divide by the coefficient of the variable

  10000 -x = 3600

Anthony invested $6400 at 13% and $3600 at 10.5%.

__

2.

Let x represent the number of burgers sold. Then the number of hot dogs sold is 173-x, and the total revenue is ...

  3x +2(173 -x) = 437

  x +346 = 437 . . . . . . . . . eliminate parentheses

  x = 91 . . . . . . . . . . . . subtract the constant on the left

  173 -x = 82

82 hot dogs and 91 hamburgers were sold.

_____

Additional comment

You can solve these by writing two equations in two unknowns. You would let the variables represent the quantities of the two contributors. You would have one equation for the total quantity, and another equation for the total value.

These equations can be solved in any of the usual ways. If you solve by "substitution," where you substitute for the quantity of lower value, the equation you have as a result will match the equation described above.

The reason for keeping the variable representing the larger contributor is that its coefficient ends up positive as the solution progresses. That tends to make the arithmetic a little simpler and to reduce errors.

The height of a ball in meters is modeled by fx 5x 2 50x, where x is the time in seconds after it is hit. How long is the ball in the air

Answers

Answer:

Equation is incorrect

Step-by-step explanation:

The equation is not written correctly.  It is written with no arithmetic signs linking the expressions.  One might assume it is f(x) = 5x^2 + 50x, but even so, something is still wrong.  

The equation tells us that the ball will never return to the ground after it is hit.   There are no nonzero positive values of time, x in seconds) for which this equation will produce the "0" for the height at ground level.  

Please check the equation.

6x-2y=36 3x-2y=21 solve using elimination

Answers

Answer:

Point form: (5,-3)

Equation form: x=5, y=-3

Step-by-step explanation:

Hope this helps <3

Michael earns $21 per hour and works 40 hours per week. How many overtime hours would he have to work in a week for his time-and-a-half overtime pay to be greater than his regular gross pay?

Answers

Answer:

81 hours

Step-by-step explanation:

He gets 10.5 dollars an hour over time and when he's working regular he earns 840 dollars so 840 divided by 10.5 is 80 so add an extra hour and he then makes more.

I need help with solving this bisector

Answers

Answer:y = 5. y = 5

Step-by-step explanation:

solve by elimination 2x-3y=2 -2x-y=-26

Answers

Answer:

x= 10, y= 6

Step-by-step explanation:

2x -3y= 2 -----(1)

-2x -y= -26 -----(2)

(1) +(2):

2x -3y -2x -y= 2 -26

-4y= -24

y= -24 ÷(-4)

y= 6

Substitute y= 6 into (1):

2x -3(6)= 2

2x -18= 2

2x= 18 +2

2x= 20

Divide both sides by 2:

x= 20 ÷2

x= 10

What is the y-intercept of the line shown below?
A. 5
B. -5
C. 2
D. -2

Answers

Answer: -2

Step-by-step explanation: The y-intercept of a line is the point where the graph crosses or intersects the y-axis.

In this case, the line crosses the y-axis 2 units down from the

origin and we can write the coordinates of the point as (0, -2).

So the answer is -2.

-2 because that is where the line crosses the y axis

HELP HELP HELP HELP WILL GIVE BRAINLIEST

4a^2 - b^2 - 2a + b
factor

Answers

Answer:

4a2−b2−2a+b, there are no factorable rational numbers.

Step-by-step explanation:

Find the value of x.

W

Z

35°

4x + 7°

Х

Y

Answers

Yep that’s fine I don’t have a problem with that but it’s not which is 6 minutes

The sum of the square of a positive number and the square of 2 more than the number is 20. What is the number?

Answers

Answer:

Let one number = x

Let the other number = x + 2

Use these variables to establish appropriate equations.

x2 + (x + 2)2 = 52

Solve for x from this equation. Expand any terms to get rid of parentheses.

x2 + x2 + 4x + 4 = 52

Combine any like terms.

2x2 + 4x - 48 = 0

WE now have a quadratic equation. Factor out a 2.

2(x2 + 2x - 24) = 0

Factor completely.

2(x + 6)(x - 4) = 0

Set the binomial factors equal to zero.

x + 6 = 0 and x - 4 = 0

Solve for x from these parts. Choose the positive x value.

What is the effect of an outlier on the value of a correlation coefficient?.

Answers

Answer:

In most practical circumstances an outlier decreases the value of a correlation coefficient and weakens the regression relationship, but it’s also possible that in some circumstances an outlier may increase a correlation value and improve regression. Figure 1 below provides an example of an influential outlier.

Step-by-step explanation:

For a Valentine's Day dance, tickets for couples cost $12 and tickets for individuals cost $8. Suppose 250 students attended the dance, and $1580 was collected from ticket sales. How many of each type of ticket was sold?

PLEASE DO THIS IN ELIMINATION OR GRAPHING METHOD (NOT substitution method, as I already did it like this)

Answers

Answer: 105 couple tickets and 40 individual tickets

For this I will use the "Graphing Method"

     First, we need to set up two equations.

-> Let x be the number of couple tickets.

-> Let y be the number of individual tickets.

-> It is "2x" because a couple means two.

     $12x + $8y = $1,580

     2x + y = 250

     Next, we will graph this.

-> The point at which the two lines intersect is our solution.

-> See attached.

-> x = 105, so 105 couple tickets

-> y = 40, so 40 individual tickets

Have a nice day!

     I hope this is what you are looking for, but if not - comment! I will edit and update my answer accordingly.

- Heather

Answer:

Step-by-step explanation:

Let's imagine if all the tickets were for individuals

The cost would be 250 x $8 = $2000
That is $420 higher than the actual cost.

The difference between a ticket for couples and a ticket for individuals is $4

Then, we can conclude that there are 420 : 4 = 105 couple tickets that were sold.

And, 40 individual tickets that were sold

The reason why we have 420:4 is because at the start, we assume every ticket was individuals. On the process, we replace one individual ticket by a couple ticket, keep replacing until the gap is exactly 420.

Hope this helps :)

Emil would like to estimate the probability of 2 or more heads coming up in 3 coin flips. To do this, he has a computer randomly select 0 or 1 three times, with 0 representing heads and 1 representing tails. The results of 12 trials are shown in the table. 111 011 000 010 100 111 010 111 111 101 000 111 What is Emil's estimated probability, based on this simulation? Enter your answer as a fraction, in simplified form, in the box.

Answers

Probability helps us to know the chances of an event occurring. Emil's estimated probability, based on this simulation is 0.4167.

What is Probability?

The probability helps us to know the chances of an event occurring.

[tex]\rm{Probability=\dfrac{Desired\ Outcomes}{Total\ Number\ of\ outcomes\ possible}[/tex]

As it is given that if the output of the computer is 1, then it represents tails, while the 0 represents the head. Also, the results of 12 trials are 111, 011, 000, 010, 100, 111, 010, 111, 111, 101, 000, 111.

Now, in the set of results, we need to calculate the number of results in which the outcome is 2 or more heads, therefore, we need the output that has 2 or more zeroes in it.

Results with 2 or more zeroes are 000, 010, 100, 010, 000

The number of results with 2 or more zeroes is 5.

The total number of possible results is 12.

The probability That Emil will get 2 or more heads can be written as,

[tex]\rm{Probability=\dfrac{Desired\ Outcomes}{Total\ Number\ of\ outcomes\ possible}[/tex]

[tex]\rm Probability(2\ or\ more\ zero) = \dfrac{\text{Number of results with 2 or more zeroes }}{\text{Total number of possible results }}[/tex]

[tex]\rm Probability(2\ or\ more\ zero) = \dfrac{5}{12} = 0.4167 = 41.67\%[/tex]

Hence, Emil's estimated probability, based on this simulation is 0.4167.

Learn more about Probability:

https://brainly.com/question/795909


What is the slope of the line that passes through the points (6,2) and (-18. 2)?

Answers

Answer:

undefined

Step-by-step explanation:

slope of a line = m

m = (y1-y2) / (x1-x2)

m = (2-2) / (6 - -18)

m = 0 / (6+24)

m = 0/30

m = undefined

The slope of the line that passes through these two points is 0.

What is the slope of the line?

If we know that a line passes through two points (a, b) and (c, d), then the slope is given by the following expression:

slope = (d - b)/(c - a)

Here the two points are (6, 2) and (-18, 2)

Then the slope is:

slope = (2 - 2)/(-18 - 6) = 0/-24 = 0

The slope is 0, so this is a horizontal line.

Learn more about slopes at:

https://brainly.com/question/3493733

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Questions 5)
Scientists estimate that a single atom is 10
-10
meters
across, while a proton is 10-15
meters across. Which
is larger and how much larger is it?
A) Atom
B) Proton

Answers

Answer:

the answer is for the question you are asking is A) Atom

if u send me a link key why ess
Use system of equations to solve it
A farmer who keeps goats and chickens boasted to another:
I have animals in the yard with 120 legs and only 37 heads. How many goats and how many chickens did he have?
its urgent

Answers

Answer:

Step-by-step explanation:

chickens x

goats y

4x+ 2y=120           2y=120-4x/ 2        y= 60- 2x

x+y= 37                  x+y=37                x+ 60- 2x= 37

 

y= 60-2x

x= 23

y= 60 - 2*23            y= 14

x= 23                        x=23

                                   

What could you combine with 29 to get 49

Answers

Answer:

2 tens

Step-by-step explanation:

2 tens cause it literally is just adding twenty and this time i swear it's correct because i checked all the other ones

Let that be x

x+29=49x=49-29x=20x=2(10)

Its 2 tens

Option C

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