A company bought a piece of equipment for $47,200 and expects to use it for eight years. The company then plans to sell it for $5,000. The company has already recorded depreciation of $40,899.57. Using the double-declining-balance method, what is the company's annual depreciation expense for the upcoming year

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.