Question: Problem 2-15 Using Income Statements Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $79,000; costs = $39,900; addition to

 Problem 2-15 Using Income Statements Given the following information for O'Hara

Problem 2-15 Using Income Statements Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $79,000; costs = $39,900; addition to retained earnings = $11,300; dividends paid = $2,920; interest expense = $3,250; tax rate = 22 percent. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) Depreciation expense

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