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Mathematics for the Accountant

Mathematics for the Accountant


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 Excerpt: ... (this will be treated in the next chapter on amortization, but the formula is given here for the sake of completeness): X = C X--X an+m an For most of thse formulae I am indebted to The Mathematical Theory of Investment, by Professor Ernest Brown Skinner, of the University of Wisconsin. PROBLEMS ON CHAPTER IX 100. An asset having an estimated life of 10 years and a scrap value of at least $500.00 will cost $12,000.00 to replace. Set up a schedule of the reserve by the sinking fund method, basing on 3% annually. 101. An asset having an estimated life of at least 8 years will cost $8,000.00 to replace less an allowance of $200.00 on the old machine. Set up a schedule of the reserve on the fixed percentage method. 102. An asset having an estimated life of 5 years and estimated replacement cost of $15,000.00, less scrap allowance of $1,200.00 is to be valued by the method of allowing interest on the book value at the beginning of each year. Set up a schedule on a 4% annual basis. 103. In an investigation of a public utility, the various parts were appraised as follows: On a 3% annual basis compute a) annual depreciation charge, sinking fund method; b) rate of depreciation; c) composite life. 104. What is the wearing value and condition percent at the end of the 7th year of the first asset of problem 103? 105. Certain timber lands will yield a net revenue of $8,000.00 a year for 35 years. Q4% stock, dividends annual, is to be issued, and provision is to be made for annual payments to a sinking fund at 4% annually. Supposing that the land has no residual value, what is a reasonable purchase price? 106. It is estimated that a mine will yield $12,000.00 per year and will be exhausted in 20 years. The stock is to pay 7% annually and the sinking fund is to be accumu...


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Product Details
  • ISBN-13: 9781235963452
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 42
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1235963454
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 95 gr


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