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A project is estimated to generate sales revenue of $10 million with expenses of $9 million. No change in net working capital is expected.
A project is estimated to generate sales revenue of $10 million with expenses of $9 million. No change in net working capital is expected. Marginal profits will be taxed at a 25% rate. If the project's operating cash flow is $1 million, what is the project's depreciation expense?
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
