The restaurant purchased $24,000 of equipment. Using straight-line method of depreciation, a 10-year left and residual value of $6,000. What is the yearly depreciation? $2, 400 $1, 800 $600 Assume the following: beginning retained earnings was $125,000 and ending retained earning was $150,000. Cash dividends were paid in the amount of $77,000. What was net income for the $102,000 $202,000 $48,00 A food division had food revenue of $29, 175, a beginning inventory of $4, 400, purchases of $8, 400 and ending inventory of $2, 880 for a give week of operations Determine total cost of $12, 800 $9, 920 34.0 $