A company bought a piece of equipment for $41,200 and expects to use it for eight years. The company then plans to sell it for $4,400. The company has already recorded depreciation of $35.700.47. Using the double-declining-balance method, what is the company's annual depreciation expense for the upcoming year? (Round your answer to the nearest whole dollar amount.) Multiple Choice $1,375. $9,350 $1,100. $11,200. View previous attemp Holly Inc. has a building that originally cost $460.000. Holly expects to be able to sell the facility for $306,000 at the end of its useful life. The balance of the related Accumulated Depreciation account is $113,000. The residual value of the facility is: Multiple Choice O $193,000 $193,000. $154,000. 58.000. o $206,000 $306,000. O $347,000. S34,000 During 2018, Ambiance Company reported net revenue of $3,600,000. The company reported net fixed assets of $710,00 on January 1, 2018 and net fixed assets of $890,000 on December 31, 2018. Required: a. Calculate the fixed asset turnover ratio. (Round your answer to one decimal place.) Fixed asset turnover ratio 20.0