Question
You are given the following information for Gandolfino Pizza Co.: sales = $50,000; costs = $21,800; addition to retained earnings = $10,700; dividends paid =
You are given the following information for Gandolfino Pizza Co.: sales = $50,000; costs = $21,800; addition to retained earnings = $10,700; dividends paid = $1,000; interest expense = $4,200; tax rate = 35 percent. Calculate the depreciation expense.
Depreciation expense?
do not round intermediate. round final answer to nearest whole dollar
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
