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What is the revised annual depreciation

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Q1. For the year ended December 31, 2021, Bramble Co. has net sales of $1100000 and profit of $203000. Total assets on January 1, 2021 were $1690000 and total assets at December 31, 2021 are $1110000. Bramble's return on assets for 2021 is?

Q2. In January 2019, a machine was purchased $45,000 with a useful life of 5 years and no residual value. In January 2021, the useful life was revised to 4 years from this point forward. What is the revised annual depreciation?

Q3. A company purchased property for $270000. The property included an acre of land valued at $40000, a building valued at $154000, and equipment valued at $126000. The land will be recorded at a cost of (Round intermediate calculation to 4 decimal places and final answer to 0 decimal places. e.g. 1,250.)

Reference no: EM132986568

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