Suppose You Are Given the Following Information for Bayside Bakery

question 59

Multiple Choice

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

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