Polaris Industries is forecasting its financial statements for Year 6. Selected financial information for Year 5 is provided in the table. In Year 6 Polaris Industries is planning to invest $50 million in CAPEX. The average depreciation rate is 12%
What is the forecasted depreciation expense in Year 6?
Selected Financial Information
Polaris Industries Inc ($000s)
Year 5
PP&E 222,336
Depreciation 28,632
CAPEX 30,000
A) $26,844
B) $26,824
C) $30,280
D) $31,624
E) $32,680
E
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