Calculate depreciation expense

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Reference no: EM131620902

Given the following information for Sookie’s Cookies Co., calculate the depreciation expense: sales = $96890; costs = $50370; addition to retained earnings = $670; dividends paid = $1680; interest expense = $1150; tax rate = 28 percent. (Hint: Build the Income Statement and fill in the missing pieces until you get to the depreciation expense. You may have to work from bottom up.)

Reference no: EM131620902

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