Alloy Metallurgy Company management is compiling data for 2012.The operational manager has computed that the operating income for 2012 was $260,000 and the net book value of total assets was $1,000,000.The gross book value of total assets was $1,300,000 and the GBV of ROI was 26%.
Required
Compute the accumulated depreciation of total assets for AMC.
A)$560,000
B)$260,000
C)$300,000
D)$740,000
E)$440,000

Question

Quizplus · Accepted Answer

C)(GBV - NBV)= Accumulated Depreciation
($1,300,000 - $1,000,000)= $300,000

Alloy Metallurgy Company Management Is Compiling Data for 2012