Formulas For Chapter 9 Flashcards
1
Q
depreciation expense
A
Depreciable cost / useful life
2
Q
Depreciable cost
A
Cost - salvage value
3
Q
Book value
A
Cost - accumulated depreciation
4
Q
New depreciation expense
A
Book value - new salvage value / new useful life
5
Q
Return on assets
A
Net income / average total asset
6
Q
Asset turnover
A
Net sales / average total asset
7
Q
Annual depreciation expense
A
Depreciable x Depreciation
Cost. Rate.
