Based on the costs described and the operating profit, the depreciation expense was <u>$330,000</u>
<h3>Depreciation expense</h3>
- Is an expense owning to fixed assets losing value.
- Is deducted from the Sales revenue.
You can find the depreciation expense as:
Operating income = Sales - Cost of goods sold - Admin expenses - Depreciation
150,000 = 750,000 - 200,000 - 70,000 - Depreciation
Depreciation = 750,000 - 200,000 - 70,000 - 150,000
= $330,000
In conclusion, depreciation was $330,000.
Find out more about depreciation at brainly.com/question/23057744.
