Compute the missing value.
a. 100 cars were sold in October, but only 80 cars were sold in November. The rate of decrease was ______.
b. Start with 115; increase by 40; end up with ______
c. An increase by 6.40 is 16 of the base value ______.
Question 2
A real estate office using the double-declining-balance method of depreciation 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 . Compute the depreciation expense for April 1 through December 31 of the first tax year and all 12 months of the second and third years.
