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Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $89,000; costs = $44,400; addition to retained earnings = $13,800; dividends
Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $89,000; costs = $44,400; addition to retained earnings = $13,800; dividends paid = $3,420; interest expense = $3,750; tax rate = 22 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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