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List three ways in which the accounting equation can be written.

Assets = Capital + Liabilities Capital = Assests - Liabilities Liabilities = Capital - Assets

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Raya has decided to depreciate her fixed assets. She has a printing press which was worth £500 at cost and is estimated to depreciate in value at 15% a year, Reducing balance method. Calculate the NBV at the end of year 3. Showing your working out.

Cost Price = 500 Year 1 = 500-75 = 425 Year 2 = 425 - 63.75 = 361.25 Year 3 = 361.25 - 54.1875 = 307.0625 Therefore the Net Book Value at the end of year 3 will be £307.06

Answered by Raya R. • Accounting tutor

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Show that the sum from 1 to n of 1/(2n+1)(2n-1) is equal to n/(2n+1) by Induction

First we check that this is true for n=1: S₁ = 1/(1x3) which is equal to n/(2n+1) for n=1 therefore S_n= n/(2n+1) is true for n = 1. Next assume that it is true for n=k. S_k

Answered by Jamie F. • Further Mathematics tutor

13705 Views

Why is the Senate important?

The Senate's chief importance comes from the unique powers that Senators have, which make them effective and influential in the policy progress. For instance, a significant power at the moment is filibust...

Answered by Isadora M. • Government and Politics tutor

12102 Views

Raya wants to start a card business, however she does not have enough capital. Identify a way in which she can raise capital. What are the Advantages and Disadvantages of this method?

One option to raise capital for Raya's Card Business is through taking out a loan. This can either be from friends and family or the bank. It is my Opinion that taking out a loan from the bank is more via...

Answered by Raya R. • Business Studies tutor

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