Multiple Choice
Kathy's Krafts has sales of $820,000 and costs of $530,000. Interest expense is $35,000. The tax rate is 34% and the tax amount is $71,400. What is the amount of the depreciation expense if that is the only remaining expense on the statement of comprehensive income?
A) $37,500
B) $38,000
C) $41,600
D) $45,000
E) $52,400
Correct Answer:
Verified
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