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2-5. Lasar Technology, Inc. had sales of $500,000, cost of goods sold of $180,000, selling and administrative expense of S70,000, and operating profit of $90,000.

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2-5. Lasar Technology, Inc. had sales of $500,000, cost of goods sold of $180,000, selling and administrative expense of S70,000, 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 expense as the plug figure. (Depre. Exp. $160,000)

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