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You are given the following information for Troiano Pizza Company: sales = $77,500; costs = $55,700; addition to retained earnings = $6,500; dividends paid =
You are given the following information for Troiano Pizza Company: 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. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
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