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You have projected your depreciation expense to be 1000000

You have projected your depreciation expense to be $1,000,000 in the next fiscal year with year-end accumulated depreciation balances being $5,000,000. If inflation in medical equipment is averaging 10% per year and you wish to finance only 20% of your replacement needs with debt, what amount of replacement reserves should you target for year-end?

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Physics: You have projected your depreciation expense to be 1000000

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