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MNO Inc. had gross fixed assets of $ 8 , 0 0 0 , 0 0 0 at the beginning of 2 0 2 3

MNO Inc. had gross fixed assets of $8,000,000 at the beginning of 2023 and $9,500,000 at the
end of 2023. Their net fixed assets were $6,000,000 at the beginning of 2023 and $7,000,000 at
the end of 2023. What was MNO Inc.'s depreciation expense for 2023?
RST Company reported the following for 2023: Net income of $750,000, depreciation expense of
$250,000, an increase in accounts receivable of $150,000, a decrease in inventory of $100,000,
and an increase in accounts payable of $50,000. They also purchased new equipment for
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