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Problem 1 : A company purchases equipment for $ 8 0 , 0 0 0 with an estimated salvage value of $ 5 , 0

Problem 1:
A company purchases equipment for $80,000 with an estimated salvage value of $5,000 and an estimated useful life of 5 years. Calculate the annual depreciation expense using the straight-line method.
Problem 2:
Company ABC buys inventory for $50,000 and sells it for $80,000. Calculate the gross profit earned on the sale.
Problem 3:
Calculate the return on equity (ROE) for a compa
ny with a net income of $100,000 and total equity of $500,000.
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