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You are given the following information for Gandolfino Pizza Co.: sales = $52,000; costs = $22,000; addition to retained earnings = $11,600; dividends paid =
You are given the following information for Gandolfino Pizza Co.: sales = $52,000; costs = $22,000; addition to retained earnings = $11,600; dividends paid = $1,400; interest expense = $4,400; tax rate = 35 percent. Calculate the depreciation expense. (Do not round intermediate calculations and round your final answer to nearest whole dollar amount.)
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