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ABC Inc. bought land and built its plant 5 years ago. Land is not depreciated. The depreciation on the building and plant is calculated using

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ABC Inc. bought land and built its plant 5 years ago. Land is not depreciated. The depreciation on the building and plant is calculated using the straight-line method, with a life of 20 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 5%. 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 ahnus nusetione Total Assets =10,994,498 Total Assets =11,047,562. Total Assets =11,854,498. Total Assets =12,049,562. Preferred Shares =1,047,562. Preferred Shares =1,227,498. Preferred Shares =1,527,498. Preferred Shares =1,994,562. Acid-Test Ratio =1.035 Acid-Test Ratio =1.308 Acid-Test Ratio =1.520 Acid-Test Ratio =2.000 Return-on Equity Ratio =0.1101 Return-on Equity Ratio =0.1366 Return-on Equity Ratio =0.1650 Return-on Equity Ratio =0.2062

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