Problem-density farms inc had sales of 750000 cost of goods, Ask an Expert

Accounting

Problem-

Density Farms, Inc. had sales of $750,000, cost of goods sold of $200,000, selling and administrative expense of $70,000, and operating profit of $150,000. What was the value of depreciation expense?

a). $150,000

b). $230,000

c). $330,000

d). None of these

Additional Requirement-

The Problem belongs to Accounting and it discusses about evaluation of depreciation expenses for a firm.

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Accounting Basics, Accounting

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