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You are given the following information about a firm: Sales $700,000 Amount added to retained earnings $52,000 Dividends paid $78,000 Tax Rate 35% Interest Expense
You are given the following information about a firm: Sales $700,000 Amount added to retained earnings $52,000 Dividends paid $78,000 Tax Rate 35% Interest Expense $45,400 Costs (COGS plus Expenses) $340,000 Calculate the depreciation expense. A. $96,800 B. $114,600 C. $72,640 D. $132,500
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