Append below the answers to questions on Financial Mathematic on depreciation based on straight line and reducing balance basis:
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FINANCIAL MATHEMATICS ANSWERS ON DEPRECIATION |
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1.
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$3,600 |
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2. |
$2,375 |
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3. |
(a) 32.55% (b) $2,415.34 |
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4. |
(a) $131.53 (b) $304.83 |
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5. |
35.56% |
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6. |
(a) 15% (b) 24.21% |