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Anonymous 09/04/14(Thu)22:24 UTC+1 No.6735657 Report

Calculate the depreciation expense.

You are given the following information for Sookie’s Cookies Co.: sales = $55,000; costs = $43,200; addition to retained earnings = $2,600; dividends paid = $1,150; interest expense = $1,670; tax rate = 40 percent.
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