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You are given the following information for the Soft Rock Cafe: sales = $68,500; costs = $51,700; addition to retained earnings = $4,500; dividends paid
You are given the following information for the Soft Rock Cafe: sales = $68,500; costs = $51,700; addition to retained earnings = $4,500; dividends paid = $2,420; interest expense = $2,130; tax rate = 21 percent. Calculate the depreciation expense.
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