INTERMEDIATE ACCT.(LL)-W/WILEYPLUS
17th Edition
ISBN: 9781119598572
Author: Kieso
Publisher: WILEY
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On January 1, 20X1, Pinnatek Inc., which uses the straight-line method, purchases a machine for $72,000 that it expects to last for 12 years; Pinnatek expects the machine to have a residual value of $6,000. What is the annual depreciation rate? a. 9.7% b. 11.5% c. 12.5% d. 6.25% e. 7.64% help
What was it's P/E ratio ?
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