An asset was purchased for $131,000.00 on January 1, Year 1 and originally estimated to have a useful life of 11 years with a residual value of $8,500.00. At the beginning of the third year, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $2,200.00. Calculate the third-year depreciation expense using the revised amounts and straight line method.

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

From what part of income should someone take savings?

The answer here, x=7, is not in the interval that you selected in the previous part. what is wrong with the work shown above?