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How much did the firm pay out in dividends

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Question 1 - Weatherford Inc. purchased a machine with 5 year MACRS, for $200,000. They spent an additional $25, 000 installing the machine. What is the Accumulated depreciation on this machine at the end of three years?

Question 2 - Ajax Inc had profits of $200,000 for the year. Their retained earnings account grew from $800,000 at the beginning of the year to $950,000 by year end. How much did the firm pay out in dividends?

Reference no: EM133123475

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