Compute the missing value.
a. 80 homes were sold in April, but only 68 homes were sold in May. The rate of decrease was ______.
b. Start with 120; increase by 50; end up with ______
c. An increase by 7.50 is 12 of the base value ______.
Question 2
An insurance office purchased office furniture costing 9,00 . and put it into use on April 1 . The furniture is expected to have a useful life of 10 years and an estimated resale value of 600 . Using the straight-line method of depreciation, compute the book value at the end of the third year.