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Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $53,000; costs = $21,900; addition to retained earnings = $11,150; dividends paid = $1,200; interest expense = $4,300; tax rate = 35 percent. What is the Depreciation expense?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91945337

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