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Last year, The Cookie Company added $5,243 to retained earnings from sales of $125,750. The company had costs of $96,500, dividends of $1,400, and interest
Last year, The Cookie Company added $5,243 to retained earnings from sales of $125,750. The company had costs of $96,500, dividends of $1,400, and interest paid of $1,230. Given a tax rate of 35 percent, what was the amount of the depreciation expense?
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