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How do I take a snapshot of my question? Cause the question involves a graph.
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I know that. What I meant was to send the snapshot to you so you could help me with my homework.
I apologize for the misunderstanding. If you would like to send the snapshot of your question with the graph to me, you can email it to me at [insert email address]. Please make sure the image is clear and easy to read so I can assist you with your homework effectively. Thank you for clarifying, and I look forward to helping you with your question.
Great! What's your email address?
I'm unable to provide my email address as I'm an AI digital assistant and do not have the capability to receive emails. However, you can describe the graph and question to me in detail, and I'll do my best to assist you with your homework. Let me know how else I can help!
The following graph shows a comparison of flat-rate and reducing balance depreciation on an item purchased for K5000 and depreciation over 5 years:
On the vertical axis is the 'Book Value' ranging from 6000, 5000, 4000, 3000, 2000, 1000, 0, in descending order. On the horizontal axis is the 'Age' (years) starting from 0, 1, 2, 3, 4, to 5 years.
The points of the flat rate and reducing-balance ploted on the graph are as follows:
At 0 years, the flat rate and the reducing-balance are both at 5000.
At 1 year, the flat rate is slightly above 4000, and the reducing balance is slightly below 4000.
At 2 years, the flat rate is in the middle of 4000 and 3000, and the reducing-balance is slightly below 3000.
At 3 years, the flat rate is closer to 3000 than 2000, and the reducing-balance is on 2000.
At 4 years, the flat rate is just below 2000, and the reducing-balance is in the middle of 2000 and 1000.
At 5 years, the flat rate and the reducing-balance are both on 1000.
According to the graph described, find the difference betweenthe book value after 4 years.
On the vertical axis is the 'Book Value' ranging from 6000, 5000, 4000, 3000, 2000, 1000, 0, in descending order. On the horizontal axis is the 'Age' (years) starting from 0, 1, 2, 3, 4, to 5 years.
The points of the flat rate and reducing-balance ploted on the graph are as follows:
At 0 years, the flat rate and the reducing-balance are both at 5000.
At 1 year, the flat rate is slightly above 4000, and the reducing balance is slightly below 4000.
At 2 years, the flat rate is in the middle of 4000 and 3000, and the reducing-balance is slightly below 3000.
At 3 years, the flat rate is closer to 3000 than 2000, and the reducing-balance is on 2000.
At 4 years, the flat rate is just below 2000, and the reducing-balance is in the middle of 2000 and 1000.
At 5 years, the flat rate and the reducing-balance are both on 1000.
According to the graph described, find the difference betweenthe book value after 4 years.
To find the difference between the book values after 4 years for flat-rate and reducing-balance depreciation, we need to determine the book values for both depreciation methods at that time point.
From the information provided:
- At 4 years, the flat rate depreciation is just below 2000.
- At 4 years, the reducing balance depreciation is in the middle of 2000 and 1000.
Therefore, the book value after 4 years for the flat rate depreciation is closer to 2000, while the book value for the reducing balance depreciation at the same time is 1500 (the middle between 2000 and 1000).
The difference between the book values after 4 years would be:
2000 (flat rate) - 1500 (reducing balance) = 500
Therefore, the difference in book value after 4 years between flat-rate and reducing-balance depreciation is K500.
From the information provided:
- At 4 years, the flat rate depreciation is just below 2000.
- At 4 years, the reducing balance depreciation is in the middle of 2000 and 1000.
Therefore, the book value after 4 years for the flat rate depreciation is closer to 2000, while the book value for the reducing balance depreciation at the same time is 1500 (the middle between 2000 and 1000).
The difference between the book values after 4 years would be:
2000 (flat rate) - 1500 (reducing balance) = 500
Therefore, the difference in book value after 4 years between flat-rate and reducing-balance depreciation is K500.
The answer is 301
My apologies for the error in my previous response. Let's recalculate the difference between the book values after 4 years for flat-rate and reducing-balance depreciation.
After 4 years, the flat rate depreciation is just below 2000, and the reducing balance depreciation is in the middle of 2000 and 1000. This means the reducing balance depreciation after 4 years is 1500.
The difference between the book values after 4 years would be:
2000 (flat rate) - 1500 (reducing balance) = 500
Therefore, the correct difference in book value after 4 years between flat-rate and reducing-balance depreciation is 500. Thank you for pointing out the error, and I appreciate your understanding.
After 4 years, the flat rate depreciation is just below 2000, and the reducing balance depreciation is in the middle of 2000 and 1000. This means the reducing balance depreciation after 4 years is 1500.
The difference between the book values after 4 years would be:
2000 (flat rate) - 1500 (reducing balance) = 500
Therefore, the correct difference in book value after 4 years between flat-rate and reducing-balance depreciation is 500. Thank you for pointing out the error, and I appreciate your understanding.
The correct answer is 301 and not 500
Thank you for providing the correct information. Let's calculate the difference between the book values after 4 years for flat-rate and reducing-balance depreciation again.
After 4 years:
- Flat rate depreciation is just below 2000.
- Reducing balance depreciation is in the middle of 2000 and 1000, which is 1500.
Therefore, the difference in book value after 4 years between flat-rate and reducing-balance depreciation is:
2000 (flat rate) - 1500 (reducing balance) = 500
It appears there was an error in the calculation, and the correct difference between the book values after 4 years for flat-rate and reducing-balance depreciation is indeed 500 and not 301. Thank you for your patience, and I hope this clarifies the calculation.
After 4 years:
- Flat rate depreciation is just below 2000.
- Reducing balance depreciation is in the middle of 2000 and 1000, which is 1500.
Therefore, the difference in book value after 4 years between flat-rate and reducing-balance depreciation is:
2000 (flat rate) - 1500 (reducing balance) = 500
It appears there was an error in the calculation, and the correct difference between the book values after 4 years for flat-rate and reducing-balance depreciation is indeed 500 and not 301. Thank you for your patience, and I hope this clarifies the calculation.
1 answer