(in $000) June July August A. $15,000 C. $11,667 Begin. Inv. 70 60 20 Purchases COGS 30 40 10 50 50 30 Calculate the inventory depreciation expense for June using a 25% depreciation rate. B. $35,000 D. $10,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Help please and can provide correct answer
(in $000)
June
July
August
Begin.
Inv.
70
60
20
H
Purchases COGS
30
40
10
50
50
30
A. $15,000
C. $11,667
2003-2022 International Academy of Science. All Rights Reserved.
Calculate the
inventory
depreciation
expense for June
using a 25%
depreciation rate.
B. $35,000
D.
$10,000
17
N
Transcribed Image Text:(in $000) June July August Begin. Inv. 70 60 20 H Purchases COGS 30 40 10 50 50 30 A. $15,000 C. $11,667 2003-2022 International Academy of Science. All Rights Reserved. Calculate the inventory depreciation expense for June using a 25% depreciation rate. B. $35,000 D. $10,000 17 N
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