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please let me know the answer of required question P4-7 The Nomar Company uses the indirect method to calculate cash flows. The following information pertains
please let me know the answer of required question P4-7 The Nomar Company uses the indirect method to calculate cash flows. The following information pertains to operations for the accounting period, January 1, 2002-December 31, 2002. Net income: $910,000 Amortization expense: $40,000 Depreciation expense: ? Accounts receivable balance (Jan. 1) Accounts receivable balance (Dec. 31) Inventory balance (Jan. 1) Inventory balance (Dec. 31) Accounts payable balance (Jan. 1) Accounts payable balance (Dec. 31) Interest payable balance (Jan. 1) Interest payable balance (Dec. 31) Dividends payable balance (Jan. 1) Dividends payable balance (Dec. 31) $110,000 120,000 196,000 198,000 60,000 40,000 54,000 56,000 80,000 92,000 Required: Assuming that cash flow from operations totals $1,020,000, what must have been the amount of Depreciation Expense for the period
please let me know the answer of required question
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