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Louisiana Nursing Home ( LNH ) recently purchased new ventilator equipment for $ 2 4 0 , 0 0 0 . A total of $

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Louisiana Nursing Home (LNH) recently purchased new ventilator equipment for $240,000. A total of $36,000 in building renovations were required to accommodate the new equipment. LNH has decided the equipment has a salvage value of $12,000. For their financial statements, LNH has decided to depreciate the equipment over 2 years using the straight-line method.
a) On the income and cash flow statements below, fill in the missing values. Assume that LNH has a tax rate of 21%.
\table[[,,],[Income Statement],[Revenue,$2,200,000,$2.200.000
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