Ask Question
25 June, 16:31

The amount of the estimated average income for a proposed investment of $60,000 in a fixed asset, giving effect to depreciation (straight-line method), with a useful life of four years, no residual value, and an expected total income yield of $21,600, is what

+2
Answers (1)
  1. 25 June, 17:55
    0
    Estimated average income is $5,400

    Explanation:

    Proposed investment = $60,000

    Depreciation = Straight-line method

    Useful life = 4 years

    Expected total income yield = $21,600

    To find average investment, we divide the income by the useful life of the investment.

    Therefore, estimated average income = $21,600 : 4 = $5,400
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The amount of the estimated average income for a proposed investment of $60,000 in a fixed asset, giving effect to depreciation ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers