A Company Has a Periodic Expense for Depreciation of $150,000

Multiple Choice

A company has a periodic expense for depreciation of $150,000 a month. Its accumulated depreciation for the period ending December 31 of the year just ended is $18 million on capital assets of $55 million. Based on this information, what adjustment is need when calculating free cash flows?

A) $0.00
B) $150,000
C) $1.8 million
D) $18 million
E) $55 million