Problembluff inc incurred depreciation expenses of 48500, Ask an Expert

Accounting

Problem:

Bluff, Inc. incurred depreciation expenses of $48,500 last year. The sales were $358,900 and the addition to retained earnings was $39,400. The firm paid interest of $14,300 and dividends of $10,000. The tax rate was 35 percent.

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Question: What was the amount of the costs incurred by the firm for last year?

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167894

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