Sales $200,000 Costs $105,000 SG&A $20,000 Interest $23,000 Dividend paid $10,000 Retained Earnings Added $23,000 Total Assets
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Sales $200,000 Costs $105,000 SG&A $20,000 Interest $23,000 Dividend paid $10,000 Retained Earnings Added $23,000 Total Assets $85,000 Equity $45,000 Tax Rate 35%
How much was the depreciation charge for MRI? (Hint: Prepare the income statement. You will have to work backwards to find the missing data.) A.$16,000
B.$7,846
C.$11,923
D.$1,231
E.$20,077
F.$3,769
Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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