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tion 31 et ABC Company reported average total assets of $6.3 million, net sales of $7.6 million, and a profit of $1 million. What is
tion 31 et ABC Company reported average total assets of $6.3 million, net sales of $7.6 million, and a profit of $1 million. What is the company's return on assets? ered ed out of 39 question O a. 15.2% O b. 15.9% . 3.5% d. 1.2% tion 30 yet Pered ABC Company purchased a truck for $32,000 on July 1, 2015. The truck has an estimated residual value of $2,000, An estimated life expectancy of 5 years, and it is estimated that the truck will travel 300,000 km. If 50,000 km are driven in 2015, what amount of depreciation expense would ABC Company record at Dec. 31, 2015, assuming the company uses the units of production method? ced out of lag question O a. $2,500 O b. $5,333 Oc$3.000 O d. $5,000
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