ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 179

Assets at year end

1,800,000

2,500,000

Liabilities at year end 1,100,000

1,500,000

What is Sifton’s asset turnover for 2015?

5) Which of the following principles best describes the conceptual
rationale for the methods of matching depreciation expense with
revenues?

6) Slotkin Products purchased a machine for $39,000 on July 1,
2014. The company intends to depreciate it over 8 years using the