Amount of accumulated depreciation and current ratio

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Reference no: EM1317148

1. Ben George Inc has Accumulated Depreciation Truck of $12,000 as of December 31, 2008. This relates to a Truck purchased for $16,000, with a salvage value at the end of five years of $1,000. The amount in the Accumulated Depreciation Truck account as of December 31, 2009 is:

2. A company has current assets of $45,000, current liabilities of $30,000, and total liabilities of $55,000. The current ratio is:

Reference no: EM1317148

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