Mathematics
Mathematics, 17.12.2020 16:20, cristinavalencia03

Box packaging recently purchased equipment for $75 million with an estimated useful life of 15 years and a salvage value of $5 million. Box recorded depreciation expense of $8.75 million for the first year. After the first year of use, management decided to change to the straight-line depreciation method. As compared to box's financial results had it not changed depreciation methods, determine the impact management's decision will have on the company's turnover ratios and return on equity over the next several years. Turnover ratio profit margin higher higher lower lower lower higher lower higher

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