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K The maturity value of a 4-month, 8% note for $65,000, dated May 12 is: (Round your final answer to the nearest dollar.) A. $1,733.33. OB. $65,000. OC. $66,733.33. D. $70,200.

K The maturity value of a 4-month, 8% note for $65,000, dated May 12 is: (Round your final answer to the nearest dollar.) A. $1,733.33. OB. $65,000. OC. $66,733.33. D. $70,200.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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K The maturity value of a 4-month, 8% note for $65,000, dated May 12 is: (Round your final answer to the nearest dollar.) A. $1,733.33. B. $65,000. OC. $66,733.33. OD. $70,200.
Transcribed Image Text:K The maturity value of a 4-month, 8% note for $65,000, dated May 12 is: (Round your final answer to the nearest dollar.) A. $1,733.33. B. $65,000. OC. $66,733.33. OD. $70,200.
KE On January 2, 2023, Konan Corporation acquired equipment for $800,000. The estimated life of the equipment is 5 years or 90.000 hours. The estimated residual value is $30.000. What is the balance in Accumulated Depreciation on December 31, 2024, it Konan Corporation uses the double-declining-balance method of depreciation? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar) A $192.000 OB $308,000 OC. $512,000 OD. $770,000 COND
Transcribed Image Text:KE On January 2, 2023, Konan Corporation acquired equipment for $800,000. The estimated life of the equipment is 5 years or 90.000 hours. The estimated residual value is $30.000. What is the balance in Accumulated Depreciation on December 31, 2024, it Konan Corporation uses the double-declining-balance method of depreciation? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar) A $192.000 OB $308,000 OC. $512,000 OD. $770,000 COND
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