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In its Year 5 annual report, Allen Company reports the following (in thousands): Year 5 Year 4 Total revenue $123,000 $119,280 Property, plant, equipment,
In its Year 5 annual report, Allen Company reports the following (in thousands): Year 5 Year 4 Total revenue $123,000 $119,280 Property, plant, equipment, gross 49,560 46,440 19,848 17,886 2,322 1,986 Property, plant, equipment, net Depreciation expense If revenue growth is projected to be 5%, the Year 6 forecasted depreciation expense to be added back on the statement of cash flows is: Select one: O a. $2,438 thousand O b. $2,577 thousand 0 c. $2,478 thousand 0 d. $2,322 thousand e. None of these are correct
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