Use the information presented below for Farley River, Inc for 2015 and 2014 to answer the questions that follow. Farley River uses the straight-line depreciation method. 2015 2014 Property, plant, and equipment $ 250,000 $190,000 Accumulated depreciation 100,000 85,000 Depreciation expense 62,500 47,500 Net sales 1,000,000 900,000 Average Total assets 625,000 475,000 Refer to the information for
Farley River Inc Using the 2015 data, what is the average age of Farley River's property, plant, and equipment?
a. 1.60 years
b. 2.50 years
c. 4.00 years
d. 10.00 years
a
You might also like to view...
Unless an assignment agreement clearly indicates a contrary intent, courts today tend to interpret assignments as including a delegation of the assignor's duties. A promise on the part of the assignee to perform these duties:
A. depends on the policy followed by the public. B. is not enforceable by the assignor. C. is not implied. D. is enforceable by either the promisor or the assignor.
Good captions are interpretive and ______________
a. complex b. informative c. abstract d. cryptic
An operating segment is a component of a company
A. that engages in business activities to earn revenues and incur expenses. B. whose operating results are regularly reviewed by the company's chief operating officer for budgeting and evaluation purposes. C. for which financial information is available. D. All of these types of companies would have an operating segment as a component.
The relevant variable a financial manager uses to measure returns is
A) net income determined using generally accepted accounting principles. B) cash flows. C) dividends. D) earnings per share minus dividends per share.