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You have been given the following information for Corkys Bedding Corp aNet sales $12000000bCost of goods sold $8400000c Other operating expenses $200000dAddition to retained

You have been given the following information for Corky’s Bedding Corp.:

a.Net sales = $12,000,000.b.Cost of goods sold = $8,400,000.c.Other operating expenses = $200,000.d.Addition to retained earnings = $1,050,000.e.Dividends paid to preferred and common stockholders = $350,000.f.Interest expense = $890,000. The firm’s tax rate is 30 percent.

Calculate the depreciation expense for Corky’s Bedding Corp.

  Depreciation expense $

 

Apr 05 2020 View more View Less

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