Problem-
Density Farms, Inc. had sales of $750,000, cost of goods sold of $200,000, selling and administrative expense of $70,000, and operating profit of $150,000. What was the value of depreciation expense?
a). $150,000
b). $230,000
c). $330,000
d). None of these
Additional Requirement-
The Problem belongs to Accounting and it discusses about evaluation of depreciation expenses for a firm.