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On 9/18/X8. Bear Co. acquired a new machine at a cost of $350,000. Useful life was estimated to be 10 years and total units of
On 9/18/X8. Bear Co. acquired a new machine at a cost of $350,000. Useful life was estimated to be 10 years and total units of output to be 402.400. Estimated residual value was $20,000. Output during the first year was 65.000 units: the second year was 124.000 units. If units-of-production method depreciation is used, what is the balance in Accumulated Depreciation at the end of 20X9? $53, 300 $101, 680 $195, 020 $154, 980 Some other amount. $ _______ TextDat, Inc., reported sales revenue of $600,000, net income of $45,000, and average total assets of $500,000. Return on assets is: 1.2% 7.5% 9% 8.33%
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