Respuesta :
Answer:Depreciation Calculation:
Mr. Akufo bought the Toyota Corolla for GH$ 80,000.00.
He sold it to Mr. Mahama at GH$ 78,000.00.
The depreciation is calculated as follows:
Depreciation
=
Initial Cost - Selling Price
Initial Cost
×
100
Depreciation=
Initial Cost
Initial Cost - Selling Price
×100
Depreciation
=
(
80
,
000
−
78
,
000
)
80
,
000
×
100
Depreciation=
80,000
(80,000−78,000)
×100
Depreciation
=
2
,
000
80
,
000
×
100
Depreciation=
80,000
2,000
×100
Depreciation
=
0.025
×
100
Depreciation=0.025×100
Depreciation
=
2.5
%
Depreciation=2.5%
So, the depreciation is 2.5%.
Maintenance Cost by Mr. Mahama:
Mr. Mahama did maintenance work costing GH$ 500.00.
Selling Price to Konady:
Mr. Mahama sold the car to Konady at a profit of 8%.
Profit
=
Cost Price + Profit Percentage
100
×
Cost Price
Profit=
100
Cost Price + Profit Percentage
×Cost Price
Profit
=
78
,
000
+
8
100
×
78
,
000
Profit=
100
78,000+8
×78,000
Profit
=
78
,
000
+
6
,
240
100
Profit=
100
78,000+6,240
Profit
=
84
,
240
100
Profit=
100
84,240
Profit
=
842.40
Profit=842.40
So, the profit made by Mr. Mahama is GH$ 842.40.
Final Selling Price to Konady:
The selling price to Konady includes the initial cost, depreciation, and maintenance cost.
Selling Price to Konady
=
78
,
000
+
500
+
842.40
Selling Price to Konady=78,000+500+842.40
Selling Price to Konady
=
79
,
342.40
Selling Price to Konady=79,342.40
Therefore, Mr. Mahama sold the car to Konady for GH$ 79,342.40.
Step-by-step explanation:
