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| An analyst gathers the following information ($ millions) about three companies operating in the same industry:CompanyAnnual Depreciation ExpenseAccumulated Depreciation 110.858.9 227.880.3 333.6128.8 Although the companies have different levels of sales and assets, they are all experiencing sales growth at about the same rate and use the same type of equipment in the manufacturing process. All three companies also use the same depreciation method. Which company is least likely to require major capital expenditures in the near future? Company: A:1 B:2 C:3 |
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