1.What is the second year book value for equipment with an initial cost of $11,000, a salvage value of 1,000 and a recovery period of 5 yrs for A. straight line depreciation. B. Double declining balance. C. MACRS?
2.The cost and revenue associated with producing a sustainable component are fixed costs = $112,500. Variable costs = $30 / unit. Revenue = $45 / unit. How many units must the company sell each year