A teacher keeps track of the number of students that participate at least three times in an optional study session each year. He
models the attendance over the last nine years with this function. n(t) = 3.53t^2 - 33.04t + 117.56 Which graph would most likely be associated with the given model?
2 answers:
You might be interested in
Answer:
$66,000
Step-by-step explanation:
Data provided in the question:
Purchasing cost of the machine = $320,000
Salvage value = $20,000
Useful life of the machine = 5 years
The gain on selling of the machine = $6,000
Now,
The annual depreciation of the machine
= [Cost - salvage value] ÷ ( Useful life )
= [ $320,000 - $20,000 ] ÷ 5
= $60,000
Accumulated depreciation from January 1, 2014 to May 1, 2018
= Annual depreciation × (Duration from January 1, 2014 to May 1, 2018 )
= $60,000 × ( 4 years 4 months )
= $60,000 × years
[48 months + 4 months = 52 months]
= $260,000
Therefore,
Book value on May 1, 2018 = Cost - Accumulated depreciation
= $320,000 - $260,000
= $60,000
Now,
Gain = Selling cost - Book value
$6,000 = Selling cost - $60,000
or
Selling cost = $66,000
Hence,
cash Bogle received from the sale of the machinery was $66,000