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The gross Profit minus operating expenses or SG&A, including depreciation and amortization is called ____. a. Net Income b. EBIT c. Operating Profit d. Both

The gross Profit minus operating expenses or SG&A, including depreciation and amortization is called ____.

a.

Net Income

b.

EBIT

c.

Operating Profit

d.

Both (b) and (c)

Company ABA bought a truck in the fiscal year 2019. The purchase price was $36000, and the estimated life of the truck is 11 years. Calculate the depreciation each year under straight line method.

a. $3600

b. $2500

c. $3000

d. $3273

Which of the following is the terminology used for Cost of Goods Sold?

a.

Cost of services

b.

Cost of revenue / sales

c.

Both (a) and (b)

d.

None of the above

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