HCM 316 PREP EXAM QUESTIONS
WITH COMPLETE ANSWERS
[GUARANTEED A+]
The Vulcan Community Hospital purchased $3,500,000 worth of a robotic
surgical machine. The hospital paid $15,000 for transportation and paid
$20,000 for installation. The Asset life is 10 years. The salvage value is
$500,000. If the hospital uses the Double Declining Balance depreciation
method, how much amount will be depreciated for the asset at end of the
10th year?
$118,615
$14,892
$148,269
$74,460 - ✔✔$74,460
©morren 2025/2026. Year published 2025.
,End of the year, The Vulcan Community Hospital's some financial
information is provided below. Based on the provided information, how
much are the hospital's Short-Term Liabilities?
Current Assets............................................. $3,000,000
Fixed Assets................................................ $3,000,000
Short-Term Liabilities................................... ?
Long-Term Liabilities.....................................$2,500,000
Net Assets.....................................................$2,000,000
$2,000,000
$1,000,000
$4,000,000
$1,500,000 - ✔✔$1,500,000
©morren 2025/2026. Year published 2025.
, End of the year, The Vulcan Community Hospital's some part of the
balance sheet and the income statement information is provided below.
Based on provided the information, What is the hospital's Return on
Assets?
Some Accounts From The Balance Sheet
Current Assets $ 854,000.00
Current Liabilities $ 333,000.00
Long-term Liabilities $ 40,000.00
Total Net Assets $ 1,141,000.00
Some Accounts From The Income Statement
Revenues
Net Patient Services Revenue $ 400,000.00
Other Operating Revenue $ -
Total Reveneues from Operations $ 400,000.00
Operating Expenses
Salaries and Benefits $ 18,000.00
Medical Supplies and Drugs $ 100,000.00
Insurance $ 36,000.00
Depreciation $ 40,000.00
©morren 2025/2026. Year published 2025.
WITH COMPLETE ANSWERS
[GUARANTEED A+]
The Vulcan Community Hospital purchased $3,500,000 worth of a robotic
surgical machine. The hospital paid $15,000 for transportation and paid
$20,000 for installation. The Asset life is 10 years. The salvage value is
$500,000. If the hospital uses the Double Declining Balance depreciation
method, how much amount will be depreciated for the asset at end of the
10th year?
$118,615
$14,892
$148,269
$74,460 - ✔✔$74,460
©morren 2025/2026. Year published 2025.
,End of the year, The Vulcan Community Hospital's some financial
information is provided below. Based on the provided information, how
much are the hospital's Short-Term Liabilities?
Current Assets............................................. $3,000,000
Fixed Assets................................................ $3,000,000
Short-Term Liabilities................................... ?
Long-Term Liabilities.....................................$2,500,000
Net Assets.....................................................$2,000,000
$2,000,000
$1,000,000
$4,000,000
$1,500,000 - ✔✔$1,500,000
©morren 2025/2026. Year published 2025.
, End of the year, The Vulcan Community Hospital's some part of the
balance sheet and the income statement information is provided below.
Based on provided the information, What is the hospital's Return on
Assets?
Some Accounts From The Balance Sheet
Current Assets $ 854,000.00
Current Liabilities $ 333,000.00
Long-term Liabilities $ 40,000.00
Total Net Assets $ 1,141,000.00
Some Accounts From The Income Statement
Revenues
Net Patient Services Revenue $ 400,000.00
Other Operating Revenue $ -
Total Reveneues from Operations $ 400,000.00
Operating Expenses
Salaries and Benefits $ 18,000.00
Medical Supplies and Drugs $ 100,000.00
Insurance $ 36,000.00
Depreciation $ 40,000.00
©morren 2025/2026. Year published 2025.
