Multiple Choice Question 195

Using the following data for Sweet Acacia Industries, compute the return on assets (rounded).

Net Income

$140000

Total Assets 12/31/17

2475000

Total Assets 12/31/16

1980000

Net Sales

245000

5.7%

9.9%

10.9%

6.3%

Multiple Choice Question 170

A computer company has $3800000 in research and development costs. Before accounting for these costs, the net income of the company is $4500000. What is the amount of net income or loss before taxes after these research and development costs are accounted for?

$700000 loss.

$3800000 net income.

Cannot be determined from the information provided.

$700000 net income.

Multiple Choice Question 134

Equipment costing $210000 with a salvage value of $24000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 6 years and no change in the salvage value, the depreciation expense (rounded) for Year 3 would be

$31000.

$46500.

$23250.

$34875.