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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,

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

 
Abhinav 01-Dec-2019

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