In vertical analysis, the base amount for de- preciation expense is generally: (a) net sales. (b) depreciation

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In vertical analysis, the base amount for de- preciation expense is generally:

(a) net sales.

(b) depreciation expense in a previous year.

(c) gross profit.

(d) fixed assets.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471691952

3rd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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