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You are given the following information for Ted's Dread Co.: sales = $77,500; costs = $55,700; addition to retained earnings - $6,500; dividends paid $3,020;

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You are given the following information for Ted's Dread Co.: sales = $77,500; costs = $55,700; addition to retained earnings - $6,500; dividends paid $3,020; interest expense = $2,730; tax rate = 25 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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