Monte, Inc. recorded operating data for its Sandtrap division for the year. Monte requires its return to be 9%. 
How much is ROI for the year?
Definitions:
Depreciation Expense
The allocated amount of the cost of a tangible or physical asset over its useful life, reflecting the decrease in the asset’s value due to use and/or age.
Correction Of An Error
Adjustments made in financial statements to amend mistakes or omissions in previously issued financial reports.
Reporting Entity
An entity for which there are users who rely on the entity's financial reports for making economic decisions.
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