# [Recommended]Find the book value after the given number of years

Find the book value after the given number of years in 2 hours 10 question!!! 1- Solve the problem. The Corner Cafe has a replacement…

Find the book value after the given number of years
in 2 hours 10 question!!!
1- Solve the problem.
The Corner Cafe has a replacement cost of \$262,000 and is insured for \$186,020 with an 80% coinsurance clause. The building has a fire loss of \$24,300. How much will the insurance company pay?
Select one:
a. \$24,300
b. \$25,880
c. \$21,566
d. \$17,253
2- Find the amount paid by each insurance company. Assume that any coinsurance requirement is met.
Insurance loss: \$15,000
Company A coverage: \$90,000
Company B coverage: \$30,000
Select one:
a. A pays: \$11,250
B pays: \$3750
b. A pays: \$10,500
B pays: \$4500
c. A pays: \$15,000
B pays: \$0
d. A pays: \$13,500
B pays: \$1500
3- Solve the problem.
A driver injures a bicycle rider. The driver has bodily injury limits of 15/30. In court, the injured rider is awarded damages of \$19,000 Find the amount that the insurance company must pay and the amount that the insured must pay.
Select one:
a. \$30,000, \$0
b. \$19,000, \$0
c. \$15,000, \$4,000
d. \$0, \$15,000
4- Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar.
Find the book value at the end of the first year.
Cost: \$4500
Estimated life: 5 years
Estimated scrap value: \$700
Select one:
a. \$3740
b. \$2980
c. \$3600
d. \$760
7- Solve the problem. Round to the nearest dollar.
Rainbow Ice Cream bought a frozen custard maker that cost \$6500. The expected life is 6000 hours of production with a salvage value of \$650. Find the book value at the end of the third year. Use the units-of-production method of depreciation given the following production schedule.
Year 1 1530 hours
Year 2 1650 hours
Year 3 1290 hours
Select one:
a. \$2119
b. \$4381
c. \$1469
d. \$1657
8- Solve the problem. Round to the nearest dollar.
Central Street bought a rolling machine that cost \$76,000. The expected life is 700,000 hours of production with a salvage value of \$7600. Find the book value at the end of the third year. Use the units-of-production method of depreciation given the following production schedule.
Year 1 175,000 hours
Year 2 171,000 hours
Year 3 164,000 hours
Select one:
a. \$51,000
b. \$25,000
c. \$20,629
d. \$17,400
9- Find the annual straight-line rate of depreciation for the estimated life.
50 years
Select one:
a. 0.2%
b. 1.0%
c. 2.0%
d. 50%
10- Find the amount paid by each of the multiple carriers.
The Hamilton Race Track had a fire loss of \$319,000. They had insurance as follows: company A \$250,000, company B, \$200,000 ; and company C, \$50,000. Find the amount paid by each carrier. Assume the coinsurance requirement is met.
Select one:
a. A pays: \$127,600
B pays: \$127,600
C pays: \$63,800
b. A pays: \$319,000
B pays: \$0
C pays: \$0
c. A pays: \$159,500
B pays: \$106,333
C pays: \$53,167
d. A pays: \$159,500
B pays: \$127,600
C pays: \$31,900

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