Compute the Depreciation Expense for the Year Ended 12-31- 2019 Using the Straight Line Method of Depreciation. Our Business Purchased a Truck for $105,000 on NOV-11-2017 with an estimated useful life of 7 years & 300,000 Miles. The Truck was driven 30,000 miles in 2019. 1.250 32.500 15.000 None of these Choice 17.500 Compute the Depreciation Expense for the year ended Dec-31- 2019, Using the Units-of-Production-Activity Method of Depreciation. Our Business Purchased a Truck for $300,000 on May-22-2018 with an estimated useful life of 5 years and 200,000 Miles. The Truck was driven 30,000 miles in 2018 and 60,000 miles during 2019. 30,000 60.000 135.000 None of these Choloos 90.000 Our Business had the Following Information Related to 2019: Revenues 2019 =$4,500,000 and Revenues 2018 =$4,200,000 Net Income 2019 = $90,000 and Net Income 2018=$75,000 End Total Assets 2019 =$2,000,000 and End Total Assets 2018 =$1,000,000 Return on Assets Ratio = Net Income / Average Total Assets Assets Turnover Ratio = Sales Revenues / Average Total Asset Compute the Asset Turnover Ratio for 2019 Is this a Good or Bad Ratio for Most Retail Businesses ? What is the Standard for a Good Asset Turnover Ratio