# Campus Video Games (CVG) was started on January 1, 2010, when it acquired \$62,500 cash from the…

Campus Video Games (CVG) was started on January 1, 2010, when it acquired \$62,500 cash from the issue of common stock. The company immediately purchased video games that cost \$62,500 cash. The games had an estimated salvage value of \$7,500 and an expected useful life of five years. CVG used the games during 2010 to produce \$25,000 of cash revenue.

Assume that these were the only events affecting CVG during 2010.

Required (Hint: Prepare an income statement and a balance sheet prior to completing the following requirements.)

a. Compute the return on assets ratio as of December 31, 2010, assuming CVG uses the straight-line depreciation method.

b. Recompute the ratio assuming CVG uses the double-declining-balance method.

c. Which depreciation method makes it appear that CVG is utilizing its assets more effectively?

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