During 2011, ABC Co build a building for 25M. Meanwhile, JKL Co. incurred 25M to develop and establish an important patent. Both companies generated 50M in revenue. ACB used the straight line method (and 5 years useful life) to expense 1 year of depreciation. if these were the only costs for both companies during 2011, what are their respective net incomes?

***Question #2*** 13 During 20X1, ABC Co. built a building for $25M. Meanwhile, JKL Co. incurred $25M to develop and establish an important patent. Both companies generated $50M of revenue. ABC used the straight line method (and 5 year useful life) to expense 1 year of depreciation. If these were the only costs for both companies during 20X1, what are their respective net incomes? B D A ABC $50 JKL $50 E $45 $45 $25 $50 $25 $45 $45 $25