Becker office service purchased a new computer system on january 1, 2018, for $33,000. it is expected to have a five-year useful life and a $3,500 salvage value. becker office service expects to use the computer system more extensively in the early years of its life. assume that becker office service sold the computer system at the end of the fourth year for $21,000. compute the amount of gain or loss using each depreciation method. (negative amounts should be indicated with a minus sign. do not round intermediate calculations. round the final answers to nearest dollar amount.)

When is going to be why would you put money into saving account

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.