Given the following information for Sookies Cookies Co., calculate the depreciation expense: sales = $86,024;...
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Finance
Given the following information for Sookies Cookies Co., calculate the depreciation expense:
sales = $86,024; costs = $63,844; addition to retained earnings = $538; dividends paid = $999; interest expense = $1,748; tax rate = 36 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.)
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