Before Christmas, the price of a shoe in a Heel's Store for Women was 70 . At the post-Christmas sale, the price was 35 . By what percent had the price of the shoe been reduced?
Question 2
A medical office using the double-declining-balance method of depreciation purchased office furniture costing 36,00 . and put it in use on May 1 . The furniture is expected to have a useful life of 10 years and an estimated resale value of 2,400 . Compute the depreciation expense for May 1 through December 31 of the first tax year and all 12 months of the second and third years.
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