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Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $54,000; costs = $22,900; addition to retained earnings = $8,500; dividends
Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $54,000; costs = $22,900; addition to retained earnings = $8,500; dividends paid = $3,200; interest expense = $5,300; tax rate = 35 percent. (Do not round intermediate calculations and round your final answer to nearest whole dollar amount.)
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