A.Asset turnover.
B.Shareholders’ equity.
C.Asset turnover and shareholders’ equity.
第1题
A company purchases a piece of equipment costing $7,000,000 that it expects will have a useful life of 5 years and a salvage value of $600,000.Assuming that the company uses double-declining-balance depreciation method rather than straight-line depreciation methods, the third-year depreciation expense difference and EBIT will be:
A.$272,000 and the EBIT is higher using DDB.
B.$400,000 and the EBIT is lower using DDB.
C.$675,200 and the EBIT is higher using DDB.
第2题
Which of the following would be expensed rather than capitalized as property, plant and equipment if incurred during construction of a new facility?
A.Interest costs during construction.
B.Expenses associated with classified advertising to recruit new employees.
C.Shipping costs for an assembly required for customizing new equipment.
第3题
On January 1, Year 1, a firm purchases a machine for $68,000 that has an estimated useful life of five years, at which time it will have a salvage value of $10,000.Using the double-declining balance method, Year 3 depreciation expense is closest to:
A.$27,200
B.$16,320
C.$9,792
第4题
Company Y has provided the following information from its current year financial statements and tax return. Company Y’s fixed assets have a four-year useful life for financial purpose (which is double the useful life for tax purpose) and are depreciated using the straight-line method.
The effective tax rate for the company is closest to:
A.30.0%
B.26.7%
C.24.0%.
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