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You are given the following information for Calvani Pizza Co.: sales = $38,000; costs = $21,000; addition to retained earnings = $5,000; dividends paid =
You are given the following information for Calvani Pizza Co.: sales = $38,000; costs = $21,000; addition to retained earnings = $5,000; dividends paid = $1,500; interest expense = $5,000; tax rate = 35 percent. Calculate the depreciation expense.
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