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You are given the following information for Oceans of Fun.: sales = $ 7 4 , 0 2 0 ; costs = $ 3 4

You are given the following information for Oceans of Fun.: sales =$74,020; costs = $34,980; addition to retained earnings =$9,540; dividends paid =$7,800; interest expense =$2,580; tax rate =21 percent. Calculate the depreciation expense. (Do not round intermediate calculations.)

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