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You are given the following information for Ted's Dread Co.: sales = $76,600; costs = $55,300; addition to retained earnings = $6,300; dividends paid =

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You are given the following information for Ted's Dread Co.: sales = $76,600; costs = $55,300; addition to retained earnings = $6,300; dividends paid = $2,960; interest expense = $2,670; tax rate = 24 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.) Depreciation expense

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