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You are given the following information for O'Hara Marine Co.: sales = $44,000; costs = $21,100; addition to retained earnings = $5,750; dividends paid =
You are given the following information for O'Hara Marine Co.: sales = $44,000; costs = $21,100; addition to retained earnings = $5,750; dividends paid = $1,400; interest expense = $5,100; tax rate = 35 percent.
Calculate the depreciation expense. (Do not round intermediate calculations.) Depreciation expense $
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