Mohr Company purchases a machine at the beginning of the year ata cost of $38,000. The machine is depreciated using the double-declining balance method. The machine's useful life is estimated to be 5 years with a $7,000 salvage value. The machine's book value at the end of year 2 is Mutiple Choice $18,600 $11.800 $15,200 $13,680 $22,800 ell l t1 A total asset turnover ratio of 3.4 indicates that Multiple Choice For every $1 in sales, the firm acquired $3.4 in assets during the period For every $1 in assets, the firm produced $3.4 in net sales during the period For every $1 in assets, the firm earned gross profit of $3.4 during the period For every $1 in assets, the firm earned $3.4 net income For every $1 in assets, the firm paid $3 4 in expenses during the period Riverboat Adventures pays $340,000 plus $6.000 in closing costs to buy out a competitor. The real estate consists of land appraised at $36,000, a building appraised at $151 200, and paddleboats apprased at $172.800. Compute the cost that should be allocated to the building Multiple Choice $142,800 $145,320 $151200 $217,896 $78,624. OOO C A company purchased useful tife t a weaving machine for $239.800. The machine has a useful life 756.0 00 bolts of woven fabric over its the first year, 108,000 I bolts were produced In the second year, production o 112 000 unite 1 king the unts expense that should be increased t depreciation recorde for the second year? Multiple Choice $34,257 $35.526 $66,000. $33.600. $32.400