Use the following data: Asset cost $120,000 Expected life 3 years Estimated salvage value $15,000 Using the straight-line method, the amount of depreciation each year would be
a. $35,000.
b. $40,000.
c. $45,000.
d. $15,000.
a
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The distributions of rates of return for Companies AA and BB are given below: State of theProbability of EconomyThis State Occurring AA BB Boom0.2 30% ?10% Normal0.6 10% 5% Recession0.2 ?5% 50% We can conclude from the above information that any rational, risk-averse investor would be better off adding Security AA to a well-diversified portfolio over Security BB.
Answer the following statement true (T) or false (F)
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