7. With a mortgage of $48,000 for 15 years with a rate of 11%, what are the total finance charges? A. $5,023.68 B. 545.76 50,236.80 D. $54,576 Y3y Uhs Yag- 920 8. Depreciation expense in the declining-balance method is calculated by the depreciation rate /7, (/;l 9 A. divided by book value at beginning of year. B. plus book value at end of year. C. times accumulated depreciation at year end. @ times book value at beginning of year. ~ wr e M Lo . e . s 7T T
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