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Last year Axe charged $5,376,000 Depreciation on the Income Statement of Andrews. If early this year Axe purchased a new depreciable asset, the effect on

Last year Axe charged $5,376,000 Depreciation on the Income Statement of Andrews. If early this year Axe purchased a new depreciable asset, the effect on Andrews's financial statements would be (all other items remaining equal)

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