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The following financial information is available for Hero Sports Ltd.: Sales : $45,000 Costs : $25,000 Addition to retained earnings : $5,500 Dividends paid :
The following financial information is available for Hero Sports Ltd.: Sales : $45,000 Costs : $25,000 Addition to retained earnings : $5,500 Dividends paid : $900 Interest expense : $1,450 Tax rate : 40% Compute the depreciation expense
Please provide the necessary working and statements if applicable and all figures should be round off to the nearest decimal places.
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