Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2-5. lasar technology, inc. had sales of $500,000,

2-5. Lasar Technology, Inc. had sales of $500,000, cost of goods sold of $180,000, selling...

80.2K

Verified Solution

Question

Accounting

image
2-5. Lasar Technology, Inc. had sales of $500,000, cost of goods sold of $180,000, selling and administrative expense of S70,000, and operating profit of $90,000. What was the value of depreciation expense? Set this problem up as a partial income statement, and determine depreciation expense as the plug figure. (Depre. Exp. $160,000)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students