Automobile 14,200.00 Accumulated Amortization at start of period 9,546.94 Rate: 2
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 |
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