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In its 2017 annual report, Allen Company reports the following(in thousands): 2017 2016 Total revenue $102,500 $99,400 Property,plant, equipment, gross 41,300 38,700 Property, plant, equipment,net
In its 2017 annual report, Allen Company reports the following(in thousands): 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 revenuegrowth is projected to be 5%, the 2018 forecasted depreciationexpense to be added back on the statement of cash flows is: A.$1,935 thousand B. $2,147 thousand C. $1,766 thousand D. $2,065thousand E. None of the above
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