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Suppose you are given the following information for Bread History Bakery: Sales = $30000 Costs $15000 Addition to retained earnings = $4221 Dividends paid =

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Suppose you are given the following information for Bread History Bakery: Sales = $30000 Costs $15000 Addition to retained earnings = $4221 Dividends paid = 5469 Interest expense = 51300 Tax rate = 30 percent Required: Calculate the amount of the depreciation expense. (7 marks) Net income Earnings before taxes (Taxable income) = + Earnings before interest and taxes Depreciation =

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