Find the Balance Forward for the Check Stub

question 4

Multiple Choice

Find the balance forward for the check stub.
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• A)$4,674.60
• B)$1,877.88
• C)$4,786.38
• D)$1,766.10

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Definitions:

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts, simplifying financial calculations.

Salvage Value

The envisaged monetary value of an asset when sold after its lifespan of utility.

Tax Rate

The percentage at which an individual or corporation is taxed.

Straight-Line Depreciation

A method of depreciating an asset at a fixed rate over its useful life, spreading the cost evenly across the period.