1) Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $8,700 at the end of ten years. Using the double-declining balance method, depreciation expense for 2021 would be: A) $5,900 B)$7,300 C) 12,869 D) 14,600 2) Western Wholesale Foods incurs the following expenditures during the current fiscal year. How should Western account for each of these expenditures? Salaries for the repar vechnicians, 5158000 2 Remodeling of the executive office $00300 3. Aruantenance corelated to machinery, 574.500 4. Improvement of the production line resulting in an increase in productivity, 637 100 5 Asstion of a sorter system to the manufacturing facity to reduce the risk of tre damage. $42.900 3) The Pita Pit borrowed $203,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest are payable in full at maturity on May 1, 2022. In connection with this note, The Pita Pit should report interest expense at December 31, 2021, in the amount of: A) $24,360 B) $12,180 C) $0 D) $4,060 Sub Station and Planet Sub reported the following selected financial data ($ in thousands). Sub Station's business strategy is to sell the best tasting sandwich with the highest quality ingredients. Planet Sub's business strategy is to sell the lowest cost sub on the planet Net sales Net income Total assets, beginning Total assets, ending Sub Station $109,849 27,522 76,783 119,571 Planet Sub $63,671 5,092 41,599 47,733 Return on Assets Choose Denominator Choose Numerator Retum on Assets Return on assets 0 Profit Margin Choose Denominator Choose Numerator Profit Margin Profit Margin Asset Turnover Choose Denominator Choose Numerator Asset Turnover Asset Turnover O times Return on Assets Choose Denominator Choose Numerator Return on Assets Return on assets Profit Margin Choose Denominator Choose Numerator Profit Margin Profit Margin 0 Asset Turnover Choose Denominator Choose Numerator Asset Turnover Asset Turnover times