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Given the following Information for O'Hara Marine Co., calculate the depreciation expense: sales = $93,000; costs = $46,200; addition to retained earnings = $14,800;
Given the following Information for O'Hara Marine Co., calculate the depreciation expense: sales = $93,000; costs = $46,200; addition to retained earnings = $14,800; dividends paid = $3,620; Interest expense = $3,950; tax rate = 24 percent. (Do not round Intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) Depreciation expense
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