For this question, do not round your depreciation rate. however, when necessary, round the depreciation expense to the nearest dollar. enter all numbers as positive amounts. a firm purchased a boat at the beginning of year1 for $9. the boat has an expected useful life of 30 years and a $45000 residual value. the firm uses the straight-line to calculate depreciation during year6, the firm revises the residual value of the boat to be $6. what will be the balance in the accumulated depreciation account at the end of five years? how much depreciation expense should the firm record for the sixth year (the first adjusting entry since the change in estimate)?

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step-by-step explanation:

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fabric (square meters)                   cloaks

7                                                           21

4/3                                                         4

step-by-step explanation:

we are told that harry needs 2 square meters of fabric for every 6 wizard cloaks he makes.

1. first of all we will find how many cloaks can be made from 1 square meter of fabric by dividing 6 by 2.

we can see that 3 cloaks can be made from 1 square meter of fabric. now we will multiply 3 by 7 to find number of cloaks made from 7 square meters of fabric.

therefore, harry will make 21 cloaks from 7 square meters of fabric.

2. let us find how many square meters of fabric will be needed to make 4 cloaks.

first of all we will find fabric needed for 1 cloak by dividing 2 by 6.

we can see that fabric needed for 1 cloak is   square meter. now we will multiply   by 4 to find fabric needed for 4 cloaks.

answer:   he will receive $21093.75 only.

explanation:

since we have given that

cost of house = $180,000

since he has a coinsurance clause of 75%,i.e. he does not fully insured his property.

amount the owner insured for the property = $101,250.

amount he lost in damage = $50,000

amount he will receive from insurance is given by

so, he will receive $21093.75 only.