Given the following information for Troiano Pizza Company, calculate the depreciation expense: Sales = $93,000; Costs...
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Given the following information for Troiano Pizza Company, calculate the depreciation expense: Sales = $93,000; Costs = $46,200; Addition to retained earnings $14,800; Dividends paid = $3,620; Interest expense $3,950; Tax rate 24 percent. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Depreciation expense Given the following information for Troiano Pizza Company, calculate the depreciation expense: Sales = $93,000; Costs = $46,200; Addition to retained earnings $14,800; Dividends paid = $3,620; Interest expense $3,950; Tax rate 24 percent. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Depreciation expense
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To calculate the depreciation expense well use the income statement approach considering the net inc... View the full answer
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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