Calculate the amount of depreciation expense

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Longhorn Grill has operating income (EBIT) of $2,250,000. The company's depreciate expense is $450,000, its interest expense is $120,000, and its income tax rate is 40%. firm has no amortization expense. What is its net income? Smith Corporation reported net income of $200,000 for 2008. Its EBITDA amounte $800,000 and interest expense was $100,000. Smith's corporate income tax rate was Calculate the amount of depreciation expense that was reported in its income.

Reference no: EM131684171

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