Question
Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $53,000; costs = $21,900; addition to retained earnings = $11,150; dividends
Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $53,000; costs = $21,900; addition to retained earnings = $11,150; dividends paid = $1,200; interest expense = $4,300; tax rate = 35 percent. What is the Depreciation expense?
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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
