22-24 please

22. Calculate inventory turnover at cost (to nearest hundredth): Ending inventory COGS Beginning Inventory Net Sales $25,000 $43,000 $15,000 $55,800 23. A new truck costing $50,000 with a residual value of $4,000 has an estimated useful life of five years. Using the double declining-balance method, the depreciation expense in year 2 is: 24. A new piece of equipment costs $18,000 with a residual value of $600 and an estimated useful life of five years. Assuming double declining-balance method is used, the book value at the end of year 2 is 25 Roche Biotech provides company cars for its salespeople that cost an average of $25,000. Using the class recovery system of five years, what is the depreciation expense in year 2 of the MACRS? 26. Complete. .6 points per answer Purch 27. Young Corporation bought a car with an estimated life of five years for $25,000. The residual value of the car is $5,000. After three years, the car was sold for $11,000. What was the difference between book value and selling price if Young used the straight-line method of depreciation