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What's the depreciation expense based on the information below? Depreciation (percent of sales): 5% Revenues: $85,000 Gross profit: $32,000 PP&E: $70,000

What's the depreciation expense based on the information below? Depreciation (percent of sales): 5% Revenues: $85,000 Gross profit: $32,000 PP&E: $70,000

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 8PA: Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the...
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What's the depreciation expense based on the information below? Depreciation (percent of sales): 5% Revenues: $85,000 Gross profit: $32,000 PP&E: $70,000
Transcribed Image Text:What's the depreciation expense based on the information below? Depreciation (percent of sales): 5% Revenues: $85,000 Gross profit: $32,000 PP&E: $70,000
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