Scenario: A team was purchased at $800 million IRS allows assigning 50% of the franchise purchase price to player contracts Owners can appeal depreciation in the value of the player contract over a 5-year period (assuming equally distributed) The team generates an annual revenue of $150 million while spending $130 million annually Instructions QUESTION 1 For the fiscal year 1, what is the annual revenue? O $130 million O $ 150 million O $ 800 million O $ 20 million O $ 400 million QUESTION 2 For the fiscal year 2, what is the annual costs? $ 130 million O $ 150 million O $ 20 million O $ 400 million O $ 800 million Click Save and Submit to save and submit. Click Save All Answers to save all answers. D