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Question - Andrew's Slabs bought a delivery truck on 1/7/2015. It cost $33,000 (including GST), and it was decided to depreciate it at 30%.
At the end of the financial year, on 30/06/2017, the balance of the accumulated depreciation of the truck was $15,300.
The truck was traded in for a new one.
On 31/03/2018 Andrew traded it in for a new delivery truck. He received $8,800 for the trade in, and he paid the balance, $44,000, in cash. All figures included GST.
Andrew's Slabs uses the diminishing balance method.
Create a depreciation worksheet for 2016 and 2017. Show your calculations.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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