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Suppose you are given the following information for YOUR Co.: Sales = $100,000; costs of goods sold = $50,000; addition to retained earnings = $5,820;
Suppose you are given the following information for YOUR Co.: Sales = $100,000; costs of goods sold = $50,000; addition to retained earnings = $5,820; dividends paid = $4,850; interest expense = $4,250; tax rate = 36% . What is the amount of the depreciation expense?*Note: assume expenses other than costs of goods sold and depreciaton are not incurred
a) 15,978.585
b) 13,578.255
c) 29,078.125
d) 29,921.875
e) 20,022.975
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