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Neo's added $15,000 to retained earnings last year, which was derived from sales of $400,000. The company has costs of goods sold of $120,000, dividends
Neo's added $15,000 to retained earnings last year, which was derived from sales of $400,000. The company has costs of goods sold of $120,000, dividends of $5,000, and interest paid of $10,000. The tax rate is 20%. What is the amount of the depreciation expense?
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