Which of the following accounts would not be considered a tangible asset? Copyright Land Buildings Equipment Warren Company plans to depreciate a new building using the double declining balance depreciation method. The building cost $940.000 The estimated residual value of the building is 564000 an hm an expected use of 25 years. Assuming the first year's depreciation pense was recorded property, what would be the amount of depreciation expense for the second year? 537600 SG9184 0 540,574 O 575 200 Which of the following would not be classified as property, plant and equipment on a balance sheet? Equipment used in the manufacturing process. A natural resource being mined. Land held for investment O A building used as corporate headquarters. The Wilson Company has provided the following information: . Net sales, $180,000 Net operating income, $56,000 Net income, $36,000 Average total assets, $136,000 Average net fixed assets; $96,000 . . . What is Wilson's fixed asset turnover ratio? O 0.38 O 1.32 0.58 O 1.88 Which of the following accounts would not be considered an intangible asset? Patents Research and development costs Trademarks Goodwill