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*Question #2*** 13 During 20X1, ABC Co. built a building for $25M. Meanwhile, JKL Co. incurred $25M to develop and establish an important patent. Both

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*Question #2*** 13 During 20X1, ABC Co. built a building for $25M. Meanwhile, JKL Co. incurred $25M to develop and establish an important patent. Both companies generated $50M of revenue. ABC used the straight line method (and 5 year useful life) to expense 1 year of depreciation. If these were the only costs for both companies during 20X1, what are their respective net incomes? E . B C D ABC $50 $45 $25 $50 JKL $50 $45 $45 $25 $45 $25

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