Final_Milestone_with_Answers.
Chamberlain School Of Nursing
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Exam (elaborations) Final_Milestone_with_Answers.
- Exam (elaborations) • 8 pages • 2022
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GradeMaster1
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You passed this Milestone 
1 
The value of a machine was $400,000 when purchased new one year ago. It 
has an expected life of five years and the income statement shows the 
straight line depreciation rate as 20%. 
Using double declining balance depreciation, what is the value of the 
machine at the end of year two? 
 $144,000 
$160,000 
 $96,000 
$240,000 
2 
Using the information shown here, which of the following is the asset 
turnover ratio? 
 0.43 
0.86 
 0.56 
 0.51 
3 
Whic...
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