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ACE,IncIncurred Depreciation Expenses of $21,900 Last Year

Question 66

Multiple Choice

ACE,Inc.incurred depreciation expenses of $21,900 last year.The sales were $811,400 and the addition to retained earnings was $14,680.The firm paid interest of $9,700 and dividends of $10,100.The tax rate was 40 percent.What was the amount of the costs incurred by the firm?


A) $665,200.00
B) $689,407.67
C) $742,306.08
D) $738,500.00
E) $780,400.21

Correct Answer:

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