Question
You are given the following information for company x Sales$200,000 Costs$105,000 SG&A$20,000 Interest$18,000 Dividend paid$6,000 Retained Earnings Added$18,000 Total Assets$85,000 Equity$45,000 Tax Rate35% How much
You are given the following information for company x
Sales$200,000
Costs$105,000
SG&A$20,000
Interest$18,000
Dividend paid$6,000
Retained Earnings Added$18,000
Total Assets$85,000
Equity$45,000
Tax Rate35%
How much was the depreciation charge for company x? (Hint: Prepare the income statement. You will have to work backwards to find the missing data.)
A.$7,846
B.$11,923
C.$1,231
D.$3,769
E.$16,000
F.$20,077
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
