1) If a company has assets of $8M, total liabilities of $5M, and net cash flow of $1M per month, what is the company’s equity?

2) If a company depreciates an asset, purchased for $10M, over seven years using the straight-line method, what is the total depreciation expense at the end of year 5?

Answer rating: 100% (QA)

1 Basic accounting equation Assets Total liabilities Equ... View the full answer