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Table 3-1,Jones Company Financial Information,December 2007 December 2008,Net income $2,000 $5,000,Accounts receivable 750 750,Accumulated depreciation 1,000 1,500,Common stock 4,500 5,000,Paid-in capital 7,500 8,000,Retained earnings 1,500 2,500,Accounts payable 750 750,,Based on the information in Table 3-1, assuming that no assets were disposed of dur-,ing 2008, the amount of depreciation expense was,a. $375.,b. $3,500.,c. $2,500.,d. $500.

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