0/1 Question 3 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. On January 1, 2017, the Sheridan Company ledger shows Equipment $48.400 and Accumulated Depreciation $17.960. The depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $3,500. On this date, the company concludes that the equipment has a remaining useful life of only 2 years with the same salvage value. Compute the revised annual depreciation. The revised annual depreciation 0/1 Question 6 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Suppose in its 2017 annual report that McDonald's Corporation reports beginning total assets of $29.80 billion, ending total assets of $31.60 billion, net sales of $21.85 billion, and net income of $4.20 billion (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets (b) Compute McDonald's asset turnover (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times