What percent of total costs did Property depreciation represent in 2007?
A. 4.7%
B. 3.7%
C. 2.7%
D. 1.9%
E. 0.9%
Answer: E
Explanation:
Tip: Notice the top of the table tells us we are looking at “Total costs by year”. This enables us to answer the question. If we were not told the costs given are the whole picture (i.e. Total costs) we would be right to say “cannot say” since we would not knowif there are other costs we don’t know about. Watch out for this in other questions. Step 1 – calculate total costs 234 + 117 + 12,505 + 12 + 459 = 13,327 Step 2 - calculate Property depreciation as a % of total costs 117 / 13,327 = 0.878% Thus the correct answer is (E) 0.9%