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Use the following information to solve for the question: Sales = $ 4 0 , 0 0 0 ; costs of goods sold = $

Use the following information to solve for the question:
Sales = $40,000;
costs of goods sold = $15,000;
addition to retained earnings = $5,221;
dividends paid = $1,469;
interest expense = $1,300;
tax rate =20%.
What is the amount of the depreciation expense?
*Note: assume operating expenses other than costs of goods sold and depreciation are not incurred

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