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A car costs £10,000 and it has a depreciation policy of 15% each year, reducing balance method. what is the net present value at the end of year 3?

Year 1 £10,000 * 15% = £1,500 (Depreciation for year 1)£10,000 - £1,500 = £8,500 (Net present value at the end of year 1) Year 2 £8,500 * 15% = £1,275 (Depreciation for year 2)£8,500 - £1,275 = £7,225 (Net p...
Answered by • Accounting tutor
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How does the postal rule apply to accepting and terminating contracts?

For a contract to be valid there needs to be both offer and acceptance. Therefore, a contract cannot be enforced unless it is accepted. The postal rule states that an offer is deemed to be accepted from the ...
Answered by • Law tutor
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Why is a German or Italian augmented sixth chord NOT the same as a dominant seventh chord?

There are two key differences between dominant seventh chords and augmented sixth chords, despite the fact that they sound the same and use the same pitches: function, and spelling. A dominant seventh chord ...
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Answered by Toby H. • Music tutor
6576 Views

How do I answer a 25 mark answer?

Example Question: In an exam you should have 50 minutes for this type of question ‘To what extent were the claims of the early Stuarts to rule by Divine Right the most important reason for the breakdown of C...
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Answered by Rachel I. • History tutor
18427 Views

How do you cope with the workload?

It is crucial to prioritise homework and assessments. You should aim to complete much of this during your free time in college/sixth form in order to focus on revision and exam techniques at home. Homework m...
Answered by • History tutor
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