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A firm has the following annual account balances; net sales $9,530,000, Cost of Goods Sold $5,650,000, Operating Expenses $1,200,000, Interest Expense $440,000, Dividends Paid $245,000,

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A firm has the following annual account balances; net sales $9,530,000, Cost of Goods Sold $5,650,000, Operating Expenses $1,200,000, Interest Expense $440,000, Dividends Paid $245,000, Addition to Retained Earnings $458,000. What is the firm's deprecation expense if their tax rate is 20% ? (Round to the nearest whole dollar) Numeric Response

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