Question: $344,000. Cash is calculated as a plug value by subtracting assets from projected total assets. Total assets equals total liabilities and equity. 2017 2016 Total
$344,000. Cash is calculated as a plug value by subtracting assets from projected total assets. Total assets equals total liabilities and equity.
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:
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