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 |
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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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