What's the depreciation expense based on the information below? Depreciation (percent of sales) 8% Revenues Gross profit PP&E $95,000 42,000 65,000 a. $5,700 b. $760 c. $3,360 d. $7,600

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 is the depreciation expense?

What's the depreciation expense based on the
information below?
Depreciation (percent of sales) 8%
Revenues
Gross profit
PP&E
$95,000
42,000
65,000
a. $5,700 b. $760 c. $3,360 d. $7,600
Transcribed Image Text:What's the depreciation expense based on the information below? Depreciation (percent of sales) 8% Revenues Gross profit PP&E $95,000 42,000 65,000 a. $5,700 b. $760 c. $3,360 d. $7,600
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