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ABC Inc. bought land and built its plant 15 years ago. Land is not depreciated. The depreciation on the building and plant is calculated

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ABC Inc. bought land and built its plant 15 years ago. Land is not depreciated. The depreciation on the building and plant is calculated using the straight-line method, with a life of 30 years and a salvage value of $1,000,000. The depreciation for the equipment, all of which was purchased at the same time the plant was constructed, is calculated using declining-balance method with depreciation rate of 4%. Complete the Balance Sheet below and find: The value for the Total Assets = ? (4 point) The value for the Preferred Shares = ? (4 points) The value for the Acid-Test Ratio = ? (4 points) The value for the Return-on-Equity Ratio = ? (4 points) Note: This is a MULTIPLE-ANSWER problem, you have to select one correct answer for each of the above 4 questions.

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