A Pile of Logs Has 28 Logs in the Bottom

question 33

Multiple Choice

A pile of logs has 28 logs in the bottom layer, 27 in the second layer, 26 in the third, and so on. The top layer contains 20 logs. Find the total number of logs in the pile.

• A)212 logs
• B)432 logs
• C)217 logs
• D)214 logs
• E)216 logs

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Definitions:

Residual Value

The estimated value that an asset will realize upon its disposal at the end of its useful life.

Useful Life

The estimated period over which a fixed asset is expected to be usable by a company, beyond which it is considered to depreciate.

Average Rate of Return

A financial ratio that calculates the average annual return an investor can expect over the lifetime of an investment, expressed as a percentage of the original investment.

Residual Value

The estimated value that an asset will have at the end of its useful life, after considering depreciation or amortization.