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You have been given the following information for Corky’s Bedding Corp.:

a. Net sales = $12,500,000.

b. Cost of goods sold = $9,000,000.

c. Other operating expenses = $260,000.

d. Addition to retained earnings = $1,090,000.

e. Dividends paid to preferred and common stockholders = $380,000.

f. Interest expense = $950,000.

The firm’s tax rate is 30 percent.

Calculate the depreciation expense for Corky’s Bedding Corp.

Depreciation expense $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92391917

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