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Depreciation expense

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How do I calculate the depreciation expense?

sales = $34000
costs = $16000
addition to retained earnings = $4300
dividends paid = $1200
interest expense = $2300
tax rate = 35%

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Solution Summary

The solution shows computation of depreciation expense. Deprecation expenses using income statements are determined.

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Hi,
Please see the response to your posting as below:
Earning after tax (Net income)= Addition to retained earnings+ Dividends paid = $4300+$1200 =$5500
Earnings ...

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