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You spent 50000 on machinery depreciation cost of 14000

Let your garments business net sales were 55, 00,000 and total variable costs were 2,05,000 in last year. You spent 50,000 on machinery, depreciation cost of 14,000, rent 25,000, wages 40,000 and other costs related to making the garments as 30,500. What was your net income for last year?

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Business Management: You spent 50000 on machinery depreciation cost of 14000

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