Ace Company purchased a machine valued at $327,000 on August 1. The equipment has an estimated useful life of seven years or 2.5 million units. The equipment is estimated to have a salvage value of $8,900. Assuming the straight-line method of depreciation. what is the amount of depreciation expense that needs to be recorded at the end of the first year? Multiple Choice O $46,714 O $18,935 O $47,986 O $19,464 $45,443 A company had a fixed interest expense of $7,800, its income before interest expense and any income taxes was $23,400 and its net income was $10,200. The company's times interest earned ratio is equals to Multiple Choice O 15,600. O 3.00. O 0.33 O 0.76. O 1.31