Author Question: Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements ... (Read 157 times)

craiczarry · **on:** Apr 25, 2021

Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements for Year 3. Selected financial information for Years 1 and 2 is provided in the table. In Year 3 Blockbuster is planning to invest $400,000 thousand in CAPEX. The average depreciation rate is 25%. What is the forecasted depreciation expense in Year 3?

Selected Financial Information

Blockbuster Inc. ($ '000)

	Year 1	Year 2
PP&E	$1,009,300	$919,000
Depreciation		252,325
CAPEX		162,025

◦ $207,175
◦ $270,256
◦ $329,750
◦ $314,526
◦ $455,300

itsakadoozi · **Reply #1 on:** Apr 25, 2021

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