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stellarik [79]
3 years ago
7

You have been given the following information for Corky’s Bedding Corp.: Net sales = $12,250,000. Cost of goods sold = $8,900,00

0. Other operating expenses = $250,000. Addition to retained earnings = $1,060,000. Dividends paid to preferred and common stockholders = $375,000. Interest expense = $940,000. The firm’s tax rate is 30 percent. Calculate the depreciation expense for Corky’s Bedding Corp.
Business
1 answer:
sukhopar [10]3 years ago
8 0

Answer:

Explanation:

Depreciation expense$ 110,000

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