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Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $51,000; costs = $22,700; addition to retained earnings = $7,600; dividends
Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $51,000; costs = $22,700; addition to retained earnings = $7,600; dividends paid = $2,800; interest expense = $5,100; tax rate = 35 percent. (Do not round intermediate calculations and round your final answer to nearest whole dollar amount.) |
Depreciation expense | $ |
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