Calculate depreciation expense

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Reference no: EM131957948

Given the following information for Sookie’s Cookies Co., calculate the depreciation expense: sales = $90890; costs = $69260; addition to retained earnings = $1650; dividends paid = $1070; interest expense = $580; tax rate = 23 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.)

Reference no: EM131957948

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