kingkushkaz2093
20.06.2020 •
Business
Robert Company's 2009 balance sheet reported net fixed assets of $ 13,964,979 and accumulated depreciation of ($ 2,084,007 ). Robert Company's 2010 balance sheet reported net fixed assets of $ 18,541,032 and accumulated depreciation of ($ 6,304,270 ). What was the change in gross fixed assets for Robert Company between 2009 and 2010
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Ответ:
$22,515.58
Explanation:
Based on the information given, the amount that'll be in the account at the end of the 10 years will be:
Present Value, PV = $20,000
Interest rate = 5% = 0.05
PMT = 800
nper = 10 years
Therefore, the future value will be solved in Excel by using the formula:
= FV(rate,nper,pmt,pv,type)
= FV(0.05,10,800,20000,0)
= $22,515.58
Therefore, the value in the account at the end of 10 years is $22,515.58