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Answer ALL the questions Q.1) For $4 million, Company ABC purchased a machine that will...

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Accounting

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Answer ALL the questions Q.1) For $4 million, Company ABC purchased a machine that will have an estimated useful life of six years. The company also estimates that in six years, the company will be able to sell it as scrap parts for S400000. Calculate and tabulate the value of machine in balance sheet by using accelerated depreciation methods. [30 marks Q. 2) What nominal interest rate, which compounded monthly, is equivalent to a nominal annual rate of 18 % compounded quarterly? [10 marks Q. 3) How much do you have to deposit now in a savings account that earns a 12% annual interest, if you want to withdraw the annual series as shown in the figure Q3? 120 marks S1000 58.750 S7.500 TATTI Figure Q3 Q. 4) A person desires to borrow OMR 20000 now to be paid back in 7 years at a nominal interest rate of 4% compounded monthly. The person has fixed the annual payment mode. How much amount the person need to pay annually? [20 marks] dutian nrncess hased

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