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Smith Corporation reported net income of $200,000 for 2008. Its EBITDA amounted to $800,000 and interest expense was $100,000. Smith's corporate income tax rate was
- Smith Corporation reported net income of $200,000 for 2008. Its EBITDA amounted to $800,000 and interest expense was $100,000. Smith's corporate income tax rate was 30%. Calculate the amount of depreciation expense that was reported in its income statement.
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