Given the information in the table on KMS (SEE BELOW)... , did KMS's expansion plan call for it to grow slower or faster than its sustainable growth rate? The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career.

Data table (Click on the following icon in order to copy its contents into a spreadsheet.)