Deteremine depreciation expence as the plug figure required

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Reference no: EM131220281

Precision Systems had sales of S820,000, cost of goods of $510,000, selling and administrative expense of $60,000, and operating profit of $103,000. What was the value of depreciation expense? Set this problem up as a partial income statement and deteremine depreciation expence as the "plug" figure required to obtain the operating profit.

Reference no: EM131220281

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Deteremine depreciation expence as the plug figure required : Precision Systems had sales of S820,000, cost of goods of $510,000, selling and administrative expense of $60,000, and operating profit of $103,000. What was the value of depreciation expense? Set this problem up as a partial income statement and det..

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