10. Which of the following is the formula for the Fixed Assets to net Worth Ratio? a. FA/NW-CURRENT ASSETS/NET WORTHs b. FA/NW-NET FIXED ASSETS/NETWORTH. d. e. c. FA/NW ASSETS/NET WORTH FA/NW-NONCURRENT ASSETS/NET WORTH. None of the above. Short answer 1. Using MACRS, how many years does it take to depreciate a piece of equipment with a 5 year estimated useful life? 2. A piece of equipment has a purchase price of $10,000, a salvage value of $1,000 and an estimated useful life of 7 years. Using Section 179 deduction, how much depreciation is taken in the 1st year? Page 2 of 4