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Suppose you are given the following information for Yusuf Surfing Co.: Sales = $40,000; costs of goods sold = $15,000; addition to retained earnings = $5,221; dividends paid = $1,469; interest expense = $1,300; tax rate = 40% . What is the amount of the depreciation expense?

*Note: assume expenses other than costs of goods sold and depreciation are not incurred

A. 7,000

B. 12,550

C. 15,350

D. 9,500

E. 13,150

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91546453

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