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Refer to the Metropolis Health System (MHS) Balance Sheet and Statement of Revenue and Expense in Chapter 28s MHS Case Study. Property, Plant and Equipment
Refer to the Metropolis Health System (MHS) Balance Sheet and Statement of Revenue and Expense in Chapter 28s MHS Case Study. Property, Plant and Equipment of $19,300,000 is shown as net, meaning net of the Reserve for Depreciation. If the $19,300,000 is reduced by $200,000, (meaning the Reserve for Depreciation has risen), what happens on the Income Statement?
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