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ACC Corporation's income statement shows depreciation of $1,611, sales of $21,415, interest paid of $1,282, net income of $1,374, and costs of goods sold of
ACC Corporation's income statement shows depreciation of $1,611, sales of $21,415, interest paid of $1,282, net income of $1,374, and costs of goods sold of $16,408. Finance analysts would immediately identify one of these numbers as a so-called "noncash expense". Which one is it? What is its dollar amount?
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$740
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$1,282
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$2,351
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$1,611
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$2,893
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