A manufacturer purchased $14500 worth of equipment with a useful life of twelve (12) years. Assuming 8% interest, the equivalent uniform annual cost of the equipment is . A. 1830.04 B. 2015.57 C. 1860.65 D. 1924.15

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?