What is a "highly unreasonable omission or misrepresentation involving an extreme departure from the standards of ordinary care
1 answer:
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Answer:
Depreciation expense = 2,900
Explanation:
Our goal would be to construct the formula where depreciation expense is and then increase deepth until find something we can work:
Expanding expenses we find depreciation expense
Here we don't Know Income Before taxes so we have to work that first
Here we don't Know Net Income taxes so we have to work that first
Here we got the other component of the formula, so it is possible to solve for net income and from there achieve the answer
Net income = 2,810 + 700 = 3,510
Income before taxes = 3,510/0.65 = 5,400
37,800 - 23,200 - 6,300 - dep expense = 5,400
dep expense = 2,900