9. Lasar Technology, Inc., had sales of $500,000, cost of goods sold of $180,000, selling and administrative
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9. Lasar Technology, Inc., had sales of $500,000, cost of goods sold of $180,000, selling and administrative expense of $70,000, and operating profit of $90,000.
What was the value of depreciation expense? Set this problem up as a partial income statement, and determine depreciation expenses as the plug figure.
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Related Book For
Foundations Of Financial Management
ISBN: 9780073382388
13th Edition
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
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