Problem: Depreciation Calculation

A company purchases new equipment for $$80,000.$ The equipment has an estimated useful life of $5$ years and a salvage value of $$10,000.$ Calculate the annual depreciation expense using the straight$-$line method.

Problem: Cost of Goods Sold Calculation

Company XYZ sold goods with a cost of $$60,000.$ Beginning inventory was $$20,000,$ and ending inventory was $$10,000.$ Calculate the cost of goods sold for the period.

Problem: Financial Ratios Analysis

Calculate the debt$-$to$-$equity ratio for a company with total liabilities of $$300,000$ and total equity of $$500,000.$

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