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Please solve both of these, i want to check my answers! Thanks! QUESTION 3 Annual Depreciation First, we will start with annual depreciation. We will
Please solve both of these, i want to check my answers! Thanks!
QUESTION 3 Annual Depreciation First, we will start with annual depreciation. We will always use straight-line depreciation in this course Consider a firm that purchased an equipment for $406,949 and incurred an additional $35,017 for shipping and installation. What will be the annual depreciation expense if the equipment is expected to last 6 years and have a salvage value of $2,558 (using straight-line depreciation)? round your answer to two decimals QUESTION 4 Sofia Corp had sales of $199,890 in 2019. The Cost of Good sold was $51,975 other operating expenses were $9,019, interest expense was $1,752 and depreciation was $21,223. The firm's tax rate is 30%. What is the firm's earnings before interest and taxes? None of the other available choices $138,896 $126,692 $147,915 $81,145 $117,673Step by Step Solution
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