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Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $42,000; costs = $21,300; addition to retained earnings = $7,250; dividends paid = $1,200; interest expense = $5,300; tax rate = 35 percent. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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Financial Management, Finance

Category:- Financial Management
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