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# Last year, MM purchased equipment for $140 million. For the first year, straight-line depreciation was used assuming a depreciable life of 7 years...

1.Last year, MM purchased equipment for $140 million. For the first year, straight-line depreciation was used assuming a depreciable life of 7 years with no salvage value. However, at year-end MM's management determined that assumptions of a useful life of 5 years with a salvage value of 10 percent of the original value were more appropriate.How would the return on assets (ROA) and return on equity (ROE) for last year change due to the change in depreciation assumptions?

2..Municipal bonds generally have a lower coupon rate than comparable corporate bonds and are appealing to individuals with low marginal tax rates?

3..Lisa deposits $2,500 into an account paying 5 percent interest, compounded annually. At the same time, Jill deposits $2,500 into an account paying 2.5 percent interest, compounded annually. At the end of five years:

4.The condominium at the beach that you want to buy costs $249,500. You plan to make a cash down payment of 20 percent and finance the balance over 10 years at 6.75 percent. What will be the amount of your monthly mortgage payment?