On federal income tax returns, self-employed people can depreciate the value of business equipment.

3 answers
Question:

On federal income tax returns, self-employed people can depreciate the value of business equipment. suppose a computer valued at $2765 depreciates at a rate of 30% per year. estimate the number of years it will take for the computer's value to be less than $350.

Answers

After 6 years and with a depreciation rate of 30%, the computer's book value would be less than $350. 

5.8 yr

If it depreciates 30% each year it must retain 70% of its value each year.

Equation:
A(t) = A(0)*0.70^t
Your Problem:
2765(0.70)^t < 350
0.70^t < 0.1265823...
Taket the log of both sides to get:
t*log(0.70) < log(0.1265823..)
Solve for "t":
t > -0.897627.. / -0.1549020
t > 5.7948 years

Similar Solved Works

3 answers

4. A rectangle measures 20cm by 15cm If each dimension is increased by 2.5cm by what percentage is a) The perimeter of the rectangle

4. A rectangle measures 20cm by 15cm If each dimension is increased by 2.5cm by what percentage is a) The perimeter of the rectangle increased b) The area of the rectangle is increased...
5 answers

Only cool people answer this question.are you cool?

Only cool people answer this question. are you cool?...
10 answers

At which values of x does the function F(x) have a vertical asymptote? Check all that apply. f(x) = 1/(x-4)(x+1)

At which values of x does the function F(x) have a vertical asymptote? Check all that apply. f(x) = 1/(x-4)(x+1) [tex]At which values of x does the function F(x) have a vertical asymptote? Check all that apply. f(x) =[/tex]...
4 answers

Recall that LaPiere (1934) found a discrepancy between proprietors' reported attitudes toward accommodating

Recall that LaPiere (1934) found a discrepancy between proprietors' reported attitudes toward accommodating Chinese and their willingness to provide services to a Chinese couple that accompanied him on his travels. The discrepancy between proprietors' attitudes and actual behaviors might have been r...
8 answers

According to euclidean geometry, a plane contains at least that the same line. two three four lie do

According to euclidean geometry, a plane contains at least that the same line. two three four lie do not lie converge...
5 answers

There is a tall tree in iva's backyard. she thinks it might hit her house if it fell

There is a tall tree in iva's backyard. she thinks it might hit her house if it fell over. she measures that the base of the tree is 50 feet from her house. when iva stands at the edge of her house, the angle of elevation from her feet to the top of the tree is 50°. iva's house is safe if the tree'...
2 answers

Which of the following statements about u. s. environmental policy is not true? a. before earth day

Which of the following statements about u. s. environmental policy is not true? a. before earth day 1970, no one in the united states cared about the environment. b. during the 1960s, several individuals had strong effects on public thinking about environmental issues. c. during most of the 19th ce...
3 answers

Acabinet door has a perimeter of 62 inches its area is 228 in.² what are the dimensions of the door

Acabinet door has a perimeter of 62 inches its area is 228 in.² what are the dimensions of the door...
4 answers

Ms. wash invested $22,000 in two accounts, one yielding 8% interest and the other yielding 11%. if she recieved a total of $1910 in

Ms. wash invested $22,000 in two accounts, one yielding 8% interest and the other yielding 11%. if she recieved a total of $1910 in interest at the end of the year, how much did she invest in each account.​...
3 answers

Immigrants in the United States of the early 1900s were typically...?A. turned away from worshiping

Immigrants in the United States of the early 1900s were typically...? A. turned away from worshiping in churches. b. forced to live in tenements. c. irish catholic industrial workers. d. highly skilled in factory jobs....
4 answers

Draw the orthographic view of the following pictorial drawing (top, bottom, left side ,right side, front

Draw the orthographic view of the following pictorial drawing (top, bottom, left side ,right side, front and real ) [tex]Draw the orthographic view of the following pictorial drawing (top, bottom, left side ,right side,[/tex][tex]Draw the orthographic view of the following pictorial drawing...
4 answers

At a movie theater box office, all tickets are sequentially prenumbered. At the end of each day, the

At a movie theater box office, all tickets are sequentially prenumbered. At the end of each day, the beginning ticket number is subtracted from the ending number to calculate the number of tickets sold. Then, ticket stubs collected at the theater entrance are counted and compared with the number of ...
4 answers

Vo. James cut out four parallelograms, the dimensions of which are shown below. Parallelogram 1 Parallelogram 2 length: 12 in.

Vo. James cut out four parallelograms, the dimensions of which are shown below. Parallelogram 1 Parallelogram 2 length: 12 in. width: 15 in diagonal: 20 in Parallelogram 3 length: 16 in width: 30 in. diagonal: 34 in Parallelogram 4 length: 20 in width: 21 in diagonal: 29 in length: 18 in. width: 20 ...
4 answers

In the proof bellow, which reasons can be used to justify the fifth statement? (number 6 says corresponding parts of the

In the proof bellow, which reasons can be used to justify the fifth statement? (number 6 says corresponding parts of the congruent triangles are congruent)​...
3 answers

Abriefly explain the genetic and evolutionary implications of lederberg and lederberg’s (1952 finding

Abriefly explain the genetic and evolutionary implications of lederberg and lederberg’s (1952 finding that mutations adapted to particular culture conditions (e. g., the presence of antibiotics existed before the selective culture conditions were imposed. b how did “replica plating” contribute...
9 answers

2. Find the area of the shaded region to the nearest tenth.27 km12 km40 kmshaded area =km

2. Find the area of the shaded region to the nearest tenth. 27 km 12 km 40 km shaded area = km [tex]2. Find the area of the shaded region to the nearest tenth. 27 km 12 km 40 km shaded area = km[/tex]...
5 answers

Which graph represents the function y = 2 x - 2?3414个2222x4-224-4-2-4-2-2-24

Which graph represents the function y = 2 x - 2? 3 414 个 2 2 2 2 x 4-2 2 4 -4-2 -4 -2 -2 -2 4 [tex]Which graph represents the function y = 2 x - 2? 3 414 个 2 2 2 2 x 4-2 2 4 -4-2 -4 -2 -2 -2 4[/tex]...
4 answers

Which one of the following diets is a low in saturated fat (but includes calcium-rich dairy products

Which one of the following diets is a low in saturated fat (but includes calcium-rich dairy products that have no fat or low fat) and rich in whole grains, fruits, and vegetables? a. south beach diet b. dash diet c. ornish diet d. zone diet...
4 answers

What does it feel like to experience success

What does it feel like to experience success...
3 answers

8. Why does Polyphemus stop the great ram on its way out of the cave?​

8. Why does Polyphemus stop the great ram on its way out of the cave?​...

-- 0.012017--