FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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How do I get the beginning book value for the second year, third year and the fourth year??
![Amortization schedule.
Beginning Book
Principal
Ending Book
Year ended
Annual Payment
Finance Cost
Value
Value
[1]
400,000.00
311,231.68
215,361.89
111,822.52
Total
[2]
120,768.32
120,768.32
120,768.32
120,768.32
[3=a*8%]
32,000.00
24,898.53
17,228.95
8,945.80
Repayment
[4=2-3]
88,768.32
95,869.79
103,539.37
111,822.52
400,000.00
[5=1-4]
311,231.68
215,361.89
111,822.52
1
4
0.00
483,073.29
83,073.29](https://content.bartleby.com/qna-images/question/cd55ca6b-c1e3-4ffb-8c95-e00c964d1448/cad3129a-d426-42ca-8ab1-d5b88cee5e35/wfxdcg_processed.jpeg)
Transcribed Image Text:Amortization schedule.
Beginning Book
Principal
Ending Book
Year ended
Annual Payment
Finance Cost
Value
Value
[1]
400,000.00
311,231.68
215,361.89
111,822.52
Total
[2]
120,768.32
120,768.32
120,768.32
120,768.32
[3=a*8%]
32,000.00
24,898.53
17,228.95
8,945.80
Repayment
[4=2-3]
88,768.32
95,869.79
103,539.37
111,822.52
400,000.00
[5=1-4]
311,231.68
215,361.89
111,822.52
1
4
0.00
483,073.29
83,073.29
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