Question
You are given the following information from a firm's income statement for 2016: Sales = $700,000 Dividends Paid to Stockholders = $78,000 Cost of Goods
You are given the following information from a firm's income statement for 2016:
Sales = $700,000
Dividends Paid to Stockholders = $78,000
Cost of Goods Sold = $180,000
General & Administrative Expenses = $160,000
Amount added to Retained Earnings = $52,000
Interest Expense = $45,400
Tax Rate = 35 percent.
Calculate the depreciation expense for 2016.
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
