A tractor was purchased for $74486 and at the bank interest rate of 4.67% per year. The residual value of the tractor was 4.67% of the purchase value at the end of useful life of 10 years. Calculate the interest cost of the tractor $ 2416
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- A property was purchased for $3799.00 down and payments of $1377.00 at the end of every six months for 4 years. Interest is 6% per annum compounded quarterly. What was the purchase price of the property? How much is the cost of financing?A property was purchased for $7876.00 down and payments of $983.00 at the end of every month for 6 years. Interest is 12% per annum compounded semi-annually What was the purchase price of the property? How much is the cost of financing? GOOD The purchase price of the property was s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.) 4A property was purchased for $7260.00 down and payments of $1322.00 at the end of every three months for 4 years. Interest is 3% per annum compounded monthly. What was the purchase price of the property? How much is the cost of financing? The purchase price of the property was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The cost of financing is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
- A general purpose truck is purchased for business. Its cost Basis is 70,000. It will last 10 years and be sold for 10,000. i = 6% for the loan with monthly payments. What is the depreciation allowance for the third year using MACRS? O 19466 O 894 21774 O 26971 O 13440A vacation property was bought by making semi-annual payments of S7500.00 for seven years. If the first payment is due on the date of purchase and interest is 6% p.a. compounded quarterly, calculate the purchase price of the property.不 A property was purchased for $9198.00 down and payments of 5000 00 at the end of every three months for 4 years interest is 11% per annum compounded semi-annualy What was the purchase price of th property? How much is the cost of financing? The purchase price of the property was s (Round the final answer to the nearest cent as needed. Round al intermediate values to six decimal places as needed)
- A machinery worth BD20,000 has a lifetime of10 years and a salvage value of Rs. 1500. Calculate the accumulated depreciation and book value at the end 10th year by if annual interest rate is 9% using Sinking fund method, Service output method. Show the calculation in a table for all уears.The maintenance expense of a certain machine is P4,565 at the end of 4 years and increases by P732 every year thereafter for 5 years. If the interest rate is 12.024% compounded annually, what is the equivalent annual cost of the maintenance?A commercial building can be acquired at a downpayment of P 500,000 and a yearly payment of P 100,000 at the end of each year for a period of 10 years starting at the end of five years from the date of purchase. If money is worth 12% compounded yearly, what was the cash price of the commercial bldg?