Statement - $0 $0 $0 $1,200,000 Depreciation Expense...

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Bent Cycling Author Date Purpose To project five years of income statements for Bent  Cycling
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Bent Cycling Projected Five-Year Income Statement 12/18/2010 Bent Cycling Prepared: 11/29/2009 Projected Five-Year Income Statement Tax Rate 33% Cost of Goods 75% Year 1 Year 2 Year 3 Year 4 Year 5 Revenues $3,200,000  $4,800,000  Cost of Sales $2,400,000  $0  $0  $0  $3,600,000  Gross Profit $800,000  $0  $0  $0  $1,200,000  Accounting $12,600  $37,800  Insurance $3,600  Maintenance $8,640  Utilities $13,680  Miscellaneous $4,300  Total General Expenses $80,620  $0  $0  $0  $0  $719,380 
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Unformatted text preview: $0 $0 $0 $1,200,000 Depreciation Expense Operating Profit $719,380 $0 $0 $0 $1,200,000 Interest Expense Earnings Before Taxes $719,380 $0 $0 $0 $1,200,000 Estimated Tax $237,395 $0 $0 $0 $396,000 Net Income $481,985 $0 $0 $0 $804,000 Bent Cycling Depreciation of Assets 12/18/2010 Bent Cycling Prepared: 11/29/2009 Depreciation of Assets Initial Asset Value Salvage Value Life of Asset (Years) Year 1 2 3 4 5 Straight-Line (SLN) Cumulative Depreciation Asset Value Declining Balance (DB) Cumulative Depreciation Asset Value...
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This note was uploaded on 12/17/2010 for the course TECHNOLOGY CSC203 taught by Professor Na during the Spring '10 term at Sullivan.

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Statement - $0 $0 $0 $1,200,000 Depreciation Expense...

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