On January 1 , 2018, Rusty, Inc. decides to invest in 6,500 shares of Yearling stock when stock is selling for $20 share. On August 1 , 2018, Yearling paid a $0.30 per share cash dividend to stockholders. On December 31 2018, Yearling reports net income of $110,000 for 201B. Assume Yearling has 26,000 shares of voting stock outstanding during 2018 and Rusty has significant influence over Yearling. Required:
Identify what type of investment the Yearling stock for Rusty?

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $