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Using the following information for Karl's Kupcakes Co., calculate the depreciation expense: sales = $110,681; costs = $61,804; addition to retained earnings = $5,200; dividends
Using the following information for Karl's Kupcakes Co., calculate the depreciation expense: sales = $110,681; costs = $61,804; addition to retained earnings = $5,200; dividends paid = $2,908; interest expense = $5,132; tax rate = 40 percent. Round your answer to the nearest whole number (no decimals)
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