Question: Problem 2-15 Using Income Statements [LO 2] You are given the following information for Ted's Dread Co.: sales $81,100; costs $57,300; addition to retained earnings

Problem 2-15 Using Income Statements [LO 2] You are given the following information for Ted's Dread Co.: sales $81,100; costs $57,300; addition to retained earnings $7,300; dividends paid expense $2,970; tax rate = 24 percent. $3,260; interest Calculate the depreciation expense for the company. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Depreciation expense

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