Suppose you are given the following information for Bayside Bakery: sales = $30,000; costs = $15,000; addition to retained earnings = $4,221; dividends paid = $469; interest expense = $1,300; tax rate = 30 percent.What is the amount of the depreciation expense?
A) $4,820
B) $5,500
C) $7,000
D) $8,180
E) $9,500
Correct Answer:
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