pters 9, 10, 11) Question 14 (3 points) - Nicklaus Company has a machine that cost \( \$ 88,000 \). - They decided to sell this machine on June 30,2020 . - The balance in the accumulated depreciation account on December 31,2019 after recording the - The annual depreciation was \( \$ 64,000 \). - The machine was sold for \( \$ 52,000 \). Using the straight line method, what was the amount of the gain or loss recorded at the time of the sale?

Previous Page Next Page 12 of 13 Question 19 ( 2 points) On January 1,2020 , Samwise COmpany issued \( ¥ 6,000,000,11 \%, 10 \) year bonds at face value. Interest is payable annually on January1. Prepare the journal entry to record the accrual of interest on December 31,2020 .

d the compound interest on \( ₹ 10000 \) at \( 5 \% \) p.a. for \( 2 \frac{1}{2} \) years, the interest payable ye

Suppose that \( \$ 10,970 \) is invested at an interest rate of \( 5.5 \% \) per year, compounded continuously. a) Find the exponential function that describes the amount in the account after time \( t \), in years. b) What is the balance after 1 year? 2 years? 5 years? 10 years? c) What is the doubling time? a) The exponential growth function is \( \mathrm{P}(\mathrm{t})=10970 e^{0.055 t} \). (Type exponential notation with positive exponents. Do not simplify. Use integers or decimals for any numbers in the equation.) b) The balance after 1 year is \( \$ 11,590.25 \). (Simplify your answers. Round to two decimal places as needed.) The balance after 2 years is \( \$ \square \). (Simplify your answers. Round to two decimal places as needed.)

The saving income ratios of two persons are \( \frac{1}{9} \) and \( \frac{2}{3} \). Who is saving more?

pters 9, 10, 11) Question 14 (3 points) - Nicklaus Company has a machine that cost \( \$ 88,000 \). - They decided to sell this machine on June 30,2020 . - The balance in the accumulated depreciation account on December 31,2019 after recording the - The annual depreciation was \( \$ 64,000 \). - The machine was sold for \( \$ 52,000 \). Using the straight line method, what was the amount of the gain or loss recorded at the time of the sale?