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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
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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 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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