Question 14 1 pts A piece of equipment was purchased for $40,000 and has an estimated salvage value of $1,000 at the end of a five year recovery period. Using straight line depreciation, what is the book value in year 3? O $7,800 O $16,600 O $22,000 O $24,400 Question 15 1 pts Internal controls such as a single person signing checks and reviewing accounting reports are crucial to the success of a construction company. O true O false Question 16 1 pts Which of the following ratios are affected by the method of depreciation calculation used? (Select all that apply.) Return on Equity O Assets to Revenues Ratio O Months in Backlog Profit Margin Question 17 1 pts Your construction company recently bid against ABC Construction Company. Your construction costs were $1,125,573 and you added a 6% profit and overhead markup for a total bid of $1,193,106. ABC's bid was $1,179,999. What profit and overhead markup would you need add to your construction costs to get ABC's bid? O 5.1% O 6% O 4.84% O 8.48%