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Izzy's Cove has sales of $32,100, costs of $13,550, a net addition to retained earnings of $9,121, dividends paid of $469, interest expense of $2,800, and a tax rate of 22%. What is the amount of the depreciation expense? O 8,013 ○ 5,947 ○ 4,882 3,455 2,655

Izzy's Cove has sales of $32,100, costs of $13,550, a net addition to retained earnings of $9,121, dividends paid of $469, interest expense of $2,800, and a tax rate of 22%. What is the amount of the depreciation expense? O 8,013 ○ 5,947 ○ 4,882 3,455 2,655

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Izzy's Cove has sales of $32,100, costs of $13,550, a net addition to retained earnings of $9,121, dividends paid of $469, interest expense of $2,800, and a tax rate of 22%. What is the amount of the depreciation expense? O 8,013 ○ 5,947 ○ 4,882 3,455 2,655
Transcribed Image Text:Izzy's Cove has sales of $32,100, costs of $13,550, a net addition to retained earnings of $9,121, dividends paid of $469, interest expense of $2,800, and a tax rate of 22%. What is the amount of the depreciation expense? O 8,013 ○ 5,947 ○ 4,882 3,455 2,655
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