What is next years depreciation value

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Reference no: EM133978179

Problem

FY23 Income Statement FY23 Sales $23,209,177 Cost of Goods Sold $18,335,250 Other Expenses $2,553,009 Depreciation $928,367 Taxable Income $1,392,551 Taxes (21%) $292,436 Net Income $1,100,115 Dividends $500,000 Add to Retained Earnings $600,115. Get the instant assignment help. What is next years depreciation value with an additional $300,000 needed for a new machine at 10% a year?

Reference no: EM133978179

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