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$344,000. Cash is calculated as a plug value by subtracting assets from projected total assets. Total assets equals total liabilities and equity. 2017 2016 Total

  1. $344,000. Cash is calculated as a plug value by subtracting assets from projected total assets. Total assets equals total liabilities and equity.

    2017

    2016

    Total revenue

    $102,500

    $99,400

    Property, plant, equipment, gross

    41,300

    38,700

    Property, plant, equipment, net

    16,540

    14,905

    Depreciation expense

    1,935

    1,655

    If revenue growth is projected to be 5%, the 2018 forecasted depreciation expense to be added back on the statement of cash flows is:

    $1,935 thousand

    $1,766 thousand

    $2,147 thousand

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