Made To Last Manufacturing reported $12 million of net incom…

Made To Last Manufacturing reported $12 million of net income, and $1 million of depreciation expense in 2023. Changes in select balance sheet accounts are as follows: 2022 2023 Accounts receivable  $        4,000,000  $        6,000,000 Inventory  $        3,000,000  $        2,000,000 Accounts payable  $        6,000,000  $        4,500,000 What are the total net adjustments that the company would make to net income in order to derive operating cash flow?

Screw Loose Spare Parts buys a new piece of equipment that c…

Screw Loose Spare Parts buys a new piece of equipment that can produce 20,000,000 units over its useful life of 10 years. The purchase price is $425,000 and the residual value is estimated to be $15,000. Below is the expected production schedule in units: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10              2,500,000              2,500,000              2,250,000              2,100,000              2,100,000              1,900,000              1,900,000       1,750,000       1,500,000       1,500,000 What will the depreciation expense be in Year 4 using the units of production method?