Question
In its Year 5 annual report, Allen Company reports the following (in thousands): Year 5 Year 4 Total revenue $92,250 $89,460 Property, plant, equipment, gross
In its Year 5 annual report, Allen Company reports the following (in thousands):
| Year 5 | Year 4 | |
|---|---|---|
| Total revenue | $92,250 | $89,460 |
| Property, plant, equipment, gross | 37,170 | 34,830 |
| Property, plant, equipment, net | 14,886 | 13,415 |
| Depreciation expense | 1,742 | 1,490 |
If revenue growth is projected to be 5%, the Year 6 forecasted depreciation expense to be added back on the statement of cash flows is:
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
