Seth was born today. harold and maude clark anticipate that seth will begin college at age 18. college education expenses are $25,000 per year in today’s dollars and are expected to increase at an annual rate of six percent. the clarks can earn an after-tax annual return of 12 percent. how much should the clarks deposit at the end of each year to pay for seth’s education. the last deposit will be made when seth reaches his 18th birthday and he will attend college for four years. a. $4,722.99b. $5,292.50c. $3,335.67d. $2,435.99

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i. e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000