Accounts receivable turnover measures * How long it takes to sell inventory on credit How often a company converts its average accounts receivable balance into cash during the period Measures the relationship of cash sales to credit sales How long it takes to sell inventory on credit and how often a company converts its average accounts receivable balance into cash during the period How often a company converts its average accounts receivable balance into cash during the period and measures the relationship of cash sales to credit sales On October 1 of this year, Sports World purchased a delivery van for $23,000 with a residual value of $3,000. The van has an estimated useful life of 5 years. Using straight-line depreciation and the half-year rule, how much depreciation expense should Sports World recognize on December 31 of this year?" $1.000 $1,333 $1,465 $2,000 $4,600 Sports World purchased a machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. SportsWorld estimates that the machine could produce 750,000 units of product over its useful life. In the first year, 95,000 units were produced. In the second year, production increased to 111,000 units. Using the units-of-production method, what is the amount of depreciation that should be recorded for the second year? $26,640 $22,800 $28.000 $36.000 $49,440