Question

Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $91,000; costs = $45,300; addition to retained earnings = $14,300; dividends paid = $3,520; interest expense = $3,850; tax rate = 23 percent

Step 1

**Calculation of depreciation expenses:**

Depreciation expenses is** $18,707.14.**

**Excel spread sheet:**

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