You have been given the following information for Corky’sBedding Corp.: a. Net sales = $11,250,000. b. Cost of goods sold =$7,900,000. c. Other operating expenses = $150,000. d. Addition toretained earnings = $1,180,000. e. Dividends paid to preferred andcommon stockholders = $325,000. f. Interest expense = $840,000. Thefirm’s tax rate is 30 percent. Question: Calculate the depreciation expense for Corky’s BeddingCorp..
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