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Introduction to Financial Analysis and Accounting
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The password for the for the Income Statement lesson is ilts21
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Question 1 of 3
1. Question
Are capitalized costs run through the income statement or cash flow statement?
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Question 2 of 3
2. Question
Let’s say we bought a $9 million piece of equipment that should last for 30 years. If we use the straight-line method of depreciation, what is the annual depreciation expense?
If you did it correct, your answer will be a six digit number (Ex: 555555)
(Don’t include commas or dollar signs in your answer)
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Question 3 of 3
3. Question
Let’s say you are expecting to receive $1 million from a customer that just made a purchase, but you haven’t received that cash flow yet.
How would you list that $1 million expected payment on the balance sheet?