An analyst has started the process of evaluating a firm’s fi…

An analyst has started the process of evaluating a firm’s financial results, below. As a percentage of sales, did the firm’s 2025 COGS expense improve or worsen relative to 2024? 2025 Actual   % Increase/(Decrease) 2025 % of Sales 2024 Actual 2024 % of Sales Sales $142,000 $135,000 COGS 76,000 74,000  

A firm paid $200,000 in cash to purchase equipment 5 years a…

A firm paid $200,000 in cash to purchase equipment 5 years ago. The equipment has a 14-year life, during which it will be depreciated on a straight-line basis to a value of zero. What will be reported on the firm’s balance sheet as Net Property, Plant and Equipment?