Question: Did BestCare spend 367,000 on new fixed assets during fiscal year 2015? If not, what is the economic rationale behind its reported depreciation expense?

BestCare HMO Statement of Operations Year Ended June 30, 2015 (in thousands) Revenue: Premiums earned Coinsurance Interest and other income Total revenues $26,682 1,689 242 $28,613 Expenses: Salaries and benefits Medical supplies and drugs Insurance Depreciation Interest Total expenses Net income $15,154 7,507 3,963 367 385 $27,376 $ 1,237