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ACC Corporation's income statement shows depreciation of $1,611, sales of $21,415, interest paid of $1,282, net...

ACC Corporation's income statement shows depreciation of $1,611, sales of $21,415, interest paid of $1,282, net income of $1,374, and costs of goods sold of $16,408. Finance analysts would immediately identify one of these numbers as a so-called "noncash expense". Which one is it? What is its dollar amount?

  • $740

  • $1,282

  • $2,351

  • $1,611

  • $2,893

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Answer #1

Hi,

the Noncash expense is depreciation amount which is $1,611.

Depreciation is actually wear and tear of machinery, plants & equipment or any physical assets which we can touch.

This is Noncash in nature as in company does not actually incur any cost. this is just an accounting technique

other items are earned as they are incurred.

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