XYZ Company, a 'for-profit' business, had revenues of $12 million in 2022. Expenses other than...
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XYZ Company, a 'forprofit' business, had revenues of $ million in Expenses other than depreciation totaled percent of revenues. XYZ Company, must pay taxes at a rate of percent of pretax operating income. All revenues were collected in cash during the year, and all expenses other than depreciation were paid in cash.
Deprecla.un originally was $ million; however, now the compar nas decided to be more conservative in its depreciation vits capital assets. now has $ in depreciation expense instead of $ million.
Based on this change in depreciation expense, what would XYZs net income be
Choice: $
Choice: $
Choice: $
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