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Assume that Gandolfi Construction Co. calculated depreciation expense for the CAT 336DL earth mover on...

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Accounting

Assume that Gandolfi Construction Co. calculated depreciation expense for the CAT 336DL earth mover on the straight-line method and reported $960,000 of net income for the year ended December 31, 2019. The companys average total assets for 2019 were $8,000,000. Required: Calculate Gandolfis ROI for the year ended December 31, 2019. Calculate what Gandolfis ROI would have been for the year ended December 31, 2019, had the company used the double-declining-balance depreciation method for the CAT 336DL

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