Calculate the residual value of an oven in a bakery, whose installed cost is $40000. The machine is depreciated for 5 years at the rate of 20% per annum using the reducing balance method. Please show all working Question 1Answer a. $13107.2 b. $32000 c. $8000 d. $26892.8

Calculate the residual value of an oven in a bakery, whose installed cost is $40000. The machine is depreciated for 5 years at the rate of 20% per annum using the reducing balance method. Please show all working Question 1Answer a. $13107.2 b. $32000 c. $8000 d. $26892.8

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section: Chapter Questions

Problem 48CR

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Question

Calculate the residual value of an oven in a bakery, whose installed cost is $40000. The machine is depreciated for 5 years at the rate of 20% per annum using the reducing balance method.

Please show all working

Question 1Answer

$13107.2

$32000

$8000

$26892.8

Expert Solution