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Quinn, Inc.: sales = $68,500; costs = $51,700; addition to retained earnings = $4,500; dividends paid = $3,420; interest expense = $3,210; tax rate =
Quinn, Inc.: sales = $68,500; costs = $51,700; addition to retained earnings = $4,500; dividends paid = $3,420; interest expense = $3,210; tax rate = 21 percent. Calculate the depreciation expense. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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