Firms depreciation and amortization expense if its tax rate

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The Millennium Chemical Corporation announced that for the period ending December 31, 2015, it earned income after taxes of $2,768,028 on revenues of $13,144,680. The company’s costs (excluding depreciation and amortization) amounted to 61% of revenues, and Centennial had interest expenses of $392,168. What is the firm’s depreciation and amortization expense if its tax rate was 30 percent? SHOW WORK

a. $ 540,275 b. $ 486,290 c. $ 958,083 d. $ 779,931

Reference no: EM131052625

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