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The Millennium Chemical Corporation announced that for the period ending December 31, 2015, it earned income after taxes of $2,768,028 on revenues of $13,144,680. The
The Millennium Chemical Corporation announced that for the period ending December 31, 2015, it earned income after taxes of $2,768,028 on revenues of $13,144,680. The companys costs (excluding depreciation and amortization) amounted to 61% of revenues, and Centennial had interest expenses of $392,168. What is the firms depreciation and amortization expense if its tax rate was 30 percent?
a. | $ 540,275 |
b. | $ 486,290 |
c. | $ 958,083 |
d. | $ 779,931 |
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