Find a formula that calculates the tractor worth

Reference no: EM13178342

Suppose a business purchases a new tractor at an original cost of $42,000. Further, suppose this tractor has a useful life of 8 years and a salvage value of $10,000.

a) Use the Straight-Line Method to find the yearly depreciation on this tractor.
b) How much is this tractor worth after 3 years?
c) Find a formula that calculates the tractor's worth after t years. What is the maximum allowable value for t?

Reference no: EM13178342

Questions Cloud

What rules and regulations would guide the actions : Do you believe that you should listen to your supervisor? Why, or why not, what rules and regulations would guide the actions that you would take?

Define write a balanced chemical equation for the reaction : write a balanced chemical equation for the reaction that occures in the experiment (B) Give the net ionic equation for this reaction

Compute the standard reduction potential for the reduction : The standard reduction potential for the reduction of Eu3+(aq) to Eu2+(aq) is -0.43V. Which of the following substances is capable of reducing Eu3+(aq) to Eu2+(aq) under standard conditions?

What are the molality and mole fraction of hno : The solution has a density of 1.182 g/ml. What are the molality, molarity and mole fraction of HNO3 in this solution?

Find a formula that calculates the tractor worth : Suppose a business purchases a new tractor at an original cost of $42,000. Further, suppose this tractor has a useful life of 8 years and a salvage value of $10,000.

Analysis the nuclide neptunium : Examine the nuclide neptunium-237. The nuclide has a measured nuclear mass of 237.048166 amu. Determine the binding enery in kj, kj/mole

Define a platform triple beam balance : A student wated 20.000 g of salt. Which balance should the student use in order to obtain the most accurate quantity? A.) a Platform Triple Beam Balance

Compute a 90% confidence interval for the mean : compute a 90% confidence interval for the mean serum cholesterol level of teenage males in this city. Assume that the sample was taken from a normal distribution. Round your confidence limits to 2 decimal places.

What would you include in the audit plan : What would you include in the audit plan, and why, would you plan a test of controls or substantive tests? Why or why not?

User Account

All Pages