A corporation purchases a piece of property that will be depreciated using the straight line method of depreciation. The asset is purchased for $60,000 and it has a salvage value of $10,000. What will be the amount of annual depreciation allowed for this piece of property if its estimated useful life is four years? $12,500 $15,000 $14,500 $13,000 Question 17 (3.4 points) In March, a restaurant achieved food sales of $750,000 and beverage sales of $150,000. The restaurant achieved a 33.33% food cost and a 20% beverage cost. What was the restaurant's gross profit margin? 72.9% 64.9% 76.9% 68.9% Question 19 (3.4 points) Saved To increase a hotel's rooms revenue the hotel's managers must increase the number of rooms sold or: increase the hotel's ADR. O decrease the hotel's EBITDA. decrease the hotel's ADR. increase the hotel's EBITDA. Question 20 (3.3 points) Last night a hotel achieved an ADR of $175.00 and total rooms revenue of $35,000. The hotel had 400 rooms available for sale last night. The hotel's gross operating profit last night was $20,000. What was the hotel's GOPPAR? $5.00 $5.50 O $55.00 $50.00