Mr. X purchased a computer for Rs 60,000. He spent Rs 8,000 on transportation, Rs 2,000 on software installation, and Rs 5,000 on accessories. The computer is depreciated at 15% per annum on the written down value method. After 2 years, he sold it for Rs 48,000 and paid Rs 1,000 as brokerage. Calculate the profit or loss on the sale.
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- Bruno buys two motor vans costing RM41,000 in total. They are depreciated on the reducing-balance basis at the rate of 40% per annum. Which of the following statements is true? A. The NBV of the vans after two years will be RM14,760 and the depreciation charge for year 2 will be RM9,840 B. The NBV of the vans after one year will be RM14,760 and the depreciation charge for year 2 will be RM16,400. C. The NBV of the vans after two years will be RM24,600 and the depreciation charge for year 2 will be RM9,840 D. The NBV of the vans after one year will be RM24,600 and the depreciation charge for year 2 will be RM16,400.Jaylen & Isaiah purchased an item valued at $253,000. They paid $45,540 down and financed the rest at 2.21% compounded monthly. To reduce the amount owing to $59,092 at the end of 5 years, what size of equal payments must Jaylen & Isaiah make at the end of each three months? Enter the present value as a positive value in the PV box below. Enter PMT and FV as positive or negative values based on PV being positive. Report PMT accurate to the nearest cent. P/Y = C/Y= N= I/Y = PV = $ PMT= $ FV = $ The size of each equal payment is (enter a positive value) $ Submit QuestionA man purchased a house for P425,000. In the first month that he owned the house, he spent P75,000 on repairs and remodeling. Immediately after the house was remodeled, he was offered P545,000 to sell the house. After some consideration, have it rented for P4,500 per month starting two months after the purchase. He collected rent for 15 months and then sold the house for P600,000. If the interest rate was 1.5% per month, how much extra money did he make or lose by not selling the house immediately after it was remodeled? decided to keep the ho se and Draw cash flow diagram
- A man purchased a house for P425,000. In the first month that he owned the house, he spent P75,000 on repairs and remodeling. Immediately after the house was remodeled, he was offered P545,000 to sell the house. After some consideration, he decided to keep the house and have it rented for P4,500 per month starting two months after the purchase. He collected rent for 15 months and then sold the house for P600,000. If the interest rate was 1.5% per month, how much extra money did he make or lose by not selling the house immediately after it was remodeled?What is the gain or loss on the sale of the facility?Terry purchased a machine for $15,000; the seller is holding the note. Terry paid $2,500 for the required wiring and installation. Terry has deducted depreciation on the machine for 3 years totaling $4,500. Terry owes $5,000 to the Seller. What is Terry’s adjusted basis in the machine? $10,500 $8,000 $13,000 $5,500
- Jacob purchased a house for Php 50,000. He spent Php 6000 for repair and Php 5,000 for air conditioning. if he had sold the house Php 58,000, find the gain or loss percentage in this transaction.David decided to give Blake a machine for use in Blake’s business. David originally paid $38,000 for the machine. David took $9,500 in depreciation on the machine before giving it to Blake. The FMV at the time of the gift was $40,000. Blake paid $250 to ship the machine to his location. What is Blake’s depreciable basis for the machine?General Account:- Hank owns a gym called Ultimate Fitness. During the past year, Hank sold his facility to purchase a larger building with a parking lot. He received sales proceeds of $125,000 form the buyer. He paid a sales commission to his broker of $6,500. The building had an original cost of $105,00 and had accumulated depreciation for tax purposes of $15,825. What is Hank's realized gain or loss on the sale?
- A man buys a house for $330,000. He makes a $150,000 down payment and amortizes the rest of the purchase price with semiannual payments over the next 10 years. The interest rate on the debt is 8%, compounded semiannually.(a) Find the size of each payment.$ (b) Find the total amount paid for the purchase.$ (c) Find the total interest paid over the life of the loan.$M purchased a small lot in a subdivision, paying P200, 000 down and promising to pay P15, 000 every 3 months for the next 10 years. The seller figured interest at 12% compounded quarterly. (a) What was the cash price of the lot? (b) If M missed the first 12 payments, what must he pay at the time the 13th is due to bring him up to date? (c) After making 8 payments, M wished to discharge his remaining indebtedness by a single payment at the time when the 9th regular payment was due, what must he pay in addition to the regular payment then due? (d) If M missed the first 10 payments, what must he pay when the 11th payment is due to discharge his entire indebtedness?Include cashflow if possibleThe purchaser of a car paid $10,000 cash and agreed to pay $3000 at the end of 6 months for 10 years. He failed to make the first 5 payments of $3000 each. At the end of 3 years, he desires to pay the car by a single payment which will cancel both his accumulated liabilities and his future liabilities. What must he pay if money is worth 6% per annum compounded semi-annually?