Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN: 9781337902571
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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Chapter 3, Problem 3P
Summary Introduction

To determine: The depreciation and amortization charge.

Introduction: An Income Statement is a part of financial statements that lists the income and expenses of business for an accounting year. It is prepared at the end of accounting period to know the profitability of the business.

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Mo’s INC recently reported an EBITDA of $15 million and net income of $5.3 million. It had $3 million of interest expense, and its corporate tax rate was 22%. What was its charge for depreciation and amortization?
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