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How much was the depreciation charge for MRI

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Reference no: EM132049702

Question - You are given the following information for Mobility Research, Inc. (MRI).

Sales $200,000

Costs $105,000

SG&A $20,000

Interest $21,000

Dividend paid $9,000

Retained Earnings Added $21,000

Total Assets $85,000

Equity $45,000

Tax Rate 35%

How much was the depreciation charge for MRI?

A. $1,231

B. $7,846

C. $20,077

D. $16,000

E. $3,769

F. $11,923

Reference no: EM132049702

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