Question
You are given the following information for Sookies Cookies Co.: sales = $60000; costs = $40100; addition to retained earnings = $4600; dividends paid =
You are given the following information for Sookies Cookies Co.: sales = $60000; costs = $40100; addition to retained earnings = $4600; dividends paid = $959; interest expense = $2410; tax rate = 38 percent.
Calculate the depreciation expense for the company. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
6th Edition
150639681X, 978-1506396811
