centvin
Jul 18, 2017, 07:25 PM
Can't solve these adjustments
1.
Automobile
14,200.00
Accumulated Amortization at start of period
9,546.94
Rate:
20%
Adjust for whole year
2.
Building
147,100.00
Accumulated Amortization at start of period
8,650.66
Rate:
2%
Adjust for whole year
3.
Insurance Policy Value remaining at start of period:
12,900.00
Time remaining in the policy at start of period
40
months
Adjust for 1 month (December) only
4.
Interest was deducted directly from the bank account. The monthly rate of interest for all debt (assume it is on total of loans and mortgages only) is:
0.8%
of balance owing
Total value of loans and mortgages on the 1st of the month is:
64,500.00
1.
Automobile
14,200.00
Accumulated Amortization at start of period
9,546.94
Rate:
20%
Adjust for whole year
2.
Building
147,100.00
Accumulated Amortization at start of period
8,650.66
Rate:
2%
Adjust for whole year
3.
Insurance Policy Value remaining at start of period:
12,900.00
Time remaining in the policy at start of period
40
months
Adjust for 1 month (December) only
4.
Interest was deducted directly from the bank account. The monthly rate of interest for all debt (assume it is on total of loans and mortgages only) is:
0.8%
of balance owing
Total value of loans and mortgages on the 1st of the month is:
64,500.00