Compute the missing value.
a. An increase by 90 is 15 of the base value ______.
b. Profits were 250,00 . in June, but only 220,00 . in July. The rate of decrease was ______.
c. Base value = 720; decrease = 25; new (final) value = ______
Question 2
A retail store using sum-of-the-years-digits method of depreciation purchased equipment costing 36,00 . and put it use on June 1 . The equipment is expected to have a useful life of 10 years and an estimated resale value of 2,400 . Compute the book value at the end of the second year.
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