On January 1, a machine with a useful life of five years and a residual value of $5,000 was purchased for $25,000. What is the depreciation expense for year 2 under straight-line depreciation? a. $5,000 b. $15,000 c. $4,000 d. $12,000
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Carroll, inc., has a total debt ratio of. 52, total debt of $327,000, and net income of $41,250. what is the company's return on equity? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g.
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