Acme Pest Control has sales of $13,500, cost of goods sold of $4,000, selling expenses of $3,500, depreciation of $2,000, interest expense of $2,000, and a tax rate of 34%. What is Acme's operating income?
A) $4,000
B) $2,000
C) $9,500
D) $6,000
Correct Answer:
Verified
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Q53: Which of the following is depreciated?
A)inventory
B)machinery
C)land
D)cash
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