Caribou Company purchased tool sharpening equipment on July 1, 2005, for Rs. 194,400. The equipment was expected to have a useful life of 3 years, residual value of Rs. 10,800. Instructions
Determine the amount of depreciation expense for the years ended December 31, 2005, 2006, 2007, and 2008, by (a) the straight-line method, (b) the declining-balance method, using twice the straight-line rate.

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.