Last year, Bad Tattoo Company had additions to retained earnings of $4,355 on sales of $94,335. The company had costs of $74,895, dividends of $2,680, and interest expense of $1,640. If the tax rate was 24 percent, what the depreciation expense? O $7,035 $8,543 O $8,940 O $14,274 $9.891

Last year, Bad Tattoo Company had additions to retained earnings of $4,355 on sales of $94,335. The company had costs of $74,895, dividends of $2,680, and interest expense of $1,640. If the tax rate was 24 percent, what the depreciation expense? O $7,035 $8,543 O $8,940 O $14,274 $9.891

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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Finance

Last year, Bad Tattoo Company had additions to retained earnings of $4,355 on sales of $94,335. The company had costs of
$74,895, dividends of $2,680, and interest expense of $1,640. If the tax rate was 24 percent, what the depreciation expense?
$7,035
O $8,543
O $8,940
O $14,274
O $9.891

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