Rembrandt company acquired a plant asset at the beginning of year 1. the asset has an estimated service life of 5 years. an employee has prepared depreciation schedules for this asset using three different methods to compare the results of using one method with the results of using other methods. you are to assume that the following schedules have been correctly prepared for this asset using (1) the straight-line method and (2) the double-declining-balance method. yearstraight-linesum-if-the-years'- digitsdouble declining balance1 $9,000 $15,000 $20,0002 9,000 12,000 12,0003 9,000 9,000 7,2004 9,000 6,000 4,3205 9,0003,0001,480total $45,000$45,000$45,000answer the following questions.(a) what is the cost of the asset being depreciated? $

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.

Slow ride corp. is evaluating a project with the following cash flows: year cash flow 0 –$12,000 1 5,800 2 6,500 3 6,200 4 5,100 5 –4,300 the company uses a 11 percent discount rate and an 8 percent reinvestment rate on all of its projects. calculate the mirr of the project using all three methods using these interest rates.