“Maccha! How are you la?”
Muthu: “Hey bro Tony! How are you doing?”
Tony had been friends with Muthu since their freshman year at university. Tony had decided to pursue an accounting degree instead after their first semester together.
Tony “Bro, I’ve got this interview coming up with a transportation company, and in the job specifications they mentioned about calculating depreciation and loan amortization. Can help me ah bro, I don’t remember these concepts that well.”
Muthu “Anything for my brother Tony.”
No 17 - Depreciation according to various methods
“In our Financial Mathematics & Corporate Finance courses, we have learned about various types of depreciation calculation. You need to know the purchase and salvage values of the vehicles. Then you can apply one of the depreciation methods.”
No 18 – Loan amortization
Muthu “We learn about Loan Amortization in Financial Mathematics. Using these calculation methods, we can determine the interest and principle paid in each instalment based on the loan type.”
Tony “Super bro, I feel confident now. Eh, I’m sure you need an accountant for your business. Let me help you, I won’t charge you anything except that you need to teach me these things.”
Muthu “Haha sure sure.”
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