In its 2017 annual report, Allen Company reports the following (in thousands): 2017 2016 Total revenue $102,500 $99,400 Property, plant, equipment, gross 41,300 38,700 Property, plant, equipment, net 16,540 14,905 Depreciation expense 1,935 1,655 If revenue growth is projected to be 5%, the 2018 forecasted depreciation expense to be added back on the statement of

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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In its 2017 annual report, Allen
Company reports the following (in
thousands): 2017 2016 Total revenue
$102,500 $99,400 Property, plant,
equipment, gross 41,300 38,700
Property, plant, equipment, net
16,540 14,905 Depreciation expense
1,935 1,655 If revenue growth is
projected to be 5%, the 2018
forecasted depreciation expense to
be added back on the statement of
cash flows is: A. $1,935 thousand B.
$2,147 thousand C. $1,766 thousand
D. $2,065 thousand E. None of the
above
disregard
Transcribed Image Text:In its 2017 annual report, Allen Company reports the following (in thousands): 2017 2016 Total revenue $102,500 $99,400 Property, plant, equipment, gross 41,300 38,700 Property, plant, equipment, net 16,540 14,905 Depreciation expense 1,935 1,655 If revenue growth is projected to be 5%, the 2018 forecasted depreciation expense to be added back on the statement of cash flows is: A. $1,935 thousand B. $2,147 thousand C. $1,766 thousand D. $2,065 thousand E. None of the above disregard
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