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What is the general method of depreciating tangible assets for financial reporting purposes? Double declining balance method (DDB) Straight line (SL) 150% decliding method (150

  1. What is the general method of depreciating tangible assets for financial reporting purposes?
    1. Double declining balance method (DDB)
    2. Straight line (SL)
    3. 150% decliding method (150 DB)
    4. Marginal calculation.

  1. Cookie Monster, Inc is a manufacturing company that makes chocolate chip cookies. Cookie Monster, Inc. projects that it will make 25,000 cookies in 2020, and that it will have a cost of $5 per cookies, and will sell each cookie for $10, what is the projected gross profit per cookie in 2020?

  1. $10 per cookie
  2. $5 per cookie
  3. $20 per cookie
  4. None of these options.

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