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QUESTION 9 A company planned on a selling a product for $525. The company subsequently lowered the price to $399. What was the percentage markdown
QUESTION 9 A company planned on a selling a product for $525. The company subsequently lowered the price to $399. What was the percentage markdown based on the original sales price? O 2495 31.5% neither A or B QUESTION 10 A company purchases a piece of machinery costing $2,800,000 having a 7 year useful life and a 5700,000 residual value. Using the straight line method of depreciation, what is annual depreciation expense? $400,000 $300,000 $700,000 QUESTION 11 Depreciation only affects a company sincome statement. True False
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