Solved

Kathy's Krafts Has Sales of $820,000 and Costs of $530,000

Question 134

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:

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