View Policies Current Attempt in Progress During 2022, Whispering Winds Corp. reported net sales of $2450000, net income of $900000, and depreciation expense of $100000. Whispering Winds also reported beginning total assets of $1000000, ending total assets of $1360000, plant assets of $650000, and accumulated depreciation of $500000. Whispering Winds's asset turnover is (Round answer to 2 decimal places, eg. 15.20.) 2.08 times. 2.45 times. O 0.79 times. O 1.80 times. eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer Question 6 of 10 -/1 View Policies Current Attempt in Progress A company sells a plant asset that originally cost $384000 for $92000 on December 31, 2022. The accumulated depreciation account had a balance of $192000 after the current year's depreciation of $32000 had been recorded. The company should recognize a $92000 gain on disposal. o $100000 loss on disposal. $80000 gain on disposal. O $92000 loss on disposal. e Textbook and Media Save for Later Attempts: 0 of 1 used Submit Answer Question 7 of 10 -/ 19 View Policies Current Attempt in Progress Oriole Company purchased equipment on January 1, 2021 at a total invoice cost of $1300000. The equipment has an estimated salvage value of $35000 and an estimated useful life of 8 years. What is the amount of accumulated depreciation at December 31, 2022 if the straight-line method of depreciation is used? $158125. O $325000 O $162500. O $316250. e Textbook and Media Save for Later Attempts: 0 of 1 used Submit Answer View Policies Current Attempt in Progress Machinery was purchased for $440000. Freight charges amounted to $16000 and there was a cost of $36000 for building a foundation and installing the machinery. It is estimated that the machinery will have a $60000 salvage value at the end of its 4-year useful life. Depreciation expense each year using the straight-line method will be O $95000 O $108000 O $123000 O $97000 e Textbook and Media Save for Later Attempts: 0 of 1 used Submit Answer View Policies Current Attempt in Progress Pharoah Company bought equipment for $420000 on January 1, 2021. Pharoah estimated the useful life to be 5 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2022, Pharoah decides that the business will use the equipment for a total of 7 years. What is the revised depreciation expense for 2022? $84000 $56000 O $70000. O $48000 eTextbook and Media Save for Later Attempts: 0 of 1 used Submit