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The Millennium Chemical Corporation announced that for theperiod ending December 31, 2015,

The Millennium Chemical Corporation announced that for theperiod 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% ofrevenues, and Centennial had interest expenses of $392,168. What isthe firm’s depreciation and amortization expense if its tax ratewas 30 percent?SHOW WORK

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

 

Dec 01 2019 View more View Less

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