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Answers To Questions On Financial Mathematic On Depreciation

September 7th, 2008 /

Append below the answers to questions on Financial Mathematic on depreciation based on straight line and reducing balance basis:

FINANCIAL MATHEMATICS

ANSWERS ON DEPRECIATION

1.

$3,600

2.

$2,375

3.

(a) 32.55% (b) $2,415.34

4.

(a) $131.53 (b) $304.83

5.

35.56%

6.

(a) 15% (b) 24.21%

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