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Last Year, the Pizza Joint Added $6,230 to Retained Earnings

Question 79

Multiple Choice

Last year, The Pizza Joint added $6,230 to retained earnings from sales of $104,650.The company had costs of $87,300, dividends of $2,500, and interest paid of $1,620.Given a tax rate of 34 percent, what was the amount of the depreciation expense?


A) $2,407
B) $1,908
C) $2,503
D) $3,102
E) $3,414

Correct Answer:

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