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Find what is total amount of expense relating to the item

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Reference no: EM132736817

Problem 1: Cheffing Corp. has estimated that total depreciation expense for the year ending December 31, 2017 will amount to $880,000. In Cheffing's interim income statement for the three months ended March 31, 2017, what is the total amount of expense relating to this item that should be reported?

Option 1: $880,000
Option 2: $440,000
Option 3: $220,000
Option 4: $0

Reference no: EM132736817

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