What's the depreciation expense based on the information below? Depreciation (percent of sales) 4% Revenues Gross profit PP&E a. 1,000 b. 2,600 c. 1,600 d. 2,400 60,000 25,000 40,000
What's the depreciation expense based on the information below? Depreciation (percent of sales) 4% Revenues Gross profit PP&E a. 1,000 b. 2,600 c. 1,600 d. 2,400 60,000 25,000 40,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:What's the depreciation expense based on the information
below?
Depreciation (percent of sales) 4%
Revenues
Gross profit
PP&E
a. 1,000
b. 2,600
c. 1,600
d. 2,400
60,000
25,000
40,000
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