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Business Mathematics 13th Edition by Gary Clendenen,Stanley Salzman
Edition 13ISBN: 978-0321955050Business Mathematics 13th Edition by Gary Clendenen,Stanley Salzman
Edition 13ISBN: 978-0321955050 Exercise 2
FORD MOTOR COMPANYy
www.ford.com
Facts :
• 1925: Price of first Ford truck was $281
• 1950s: Cars styled for more comfort
• 2003: Celebrates 100th anniversary
• 2009-10: Weathers financial crisis without government help
In 1903, with $28,000 in cash, Henry Ford started Ford Motor Company, which is now one of the world's largest companies. Ford's greatest contribution to automobile manufacturing was the moving assembly that allowed individual workers to stay in one place and perform the same task on each vehicle as it passed by. The moving assembly line allowed Ford to cut costs and reduce prices of new automobiles so that average working families could afford them. Today, the Ford Motor Company sells a variety of vehicles under the Ford and Lincoln brands.
Capital Curb and Concrete purchased a new Ford truck for $26,500 to be used by the sales manager, who often drives to construction sites to work with customers. The firm's accountant believes that the useful life of the truck is 5 years and that the estimated salvage value is $4500.
Find the book value of the truck at the end of 3 years using the double-declining-balance method of depreciation. ____________
www.ford.com
Facts :
• 1925: Price of first Ford truck was $281
• 1950s: Cars styled for more comfort
• 2003: Celebrates 100th anniversary
• 2009-10: Weathers financial crisis without government help
In 1903, with $28,000 in cash, Henry Ford started Ford Motor Company, which is now one of the world's largest companies. Ford's greatest contribution to automobile manufacturing was the moving assembly that allowed individual workers to stay in one place and perform the same task on each vehicle as it passed by. The moving assembly line allowed Ford to cut costs and reduce prices of new automobiles so that average working families could afford them. Today, the Ford Motor Company sells a variety of vehicles under the Ford and Lincoln brands.
Capital Curb and Concrete purchased a new Ford truck for $26,500 to be used by the sales manager, who often drives to construction sites to work with customers. The firm's accountant believes that the useful life of the truck is 5 years and that the estimated salvage value is $4500.
Find the book value of the truck at the end of 3 years using the double-declining-balance method of depreciation. ____________
Explanation
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Find the annual straight-line rate, 
The...
Business Mathematics 13th Edition by Gary Clendenen,Stanley Salzman
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