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Smith, Inc. incurred depreciation expenses of $48,500 last y

Smith, Inc. incurred depreciation expenses of $48,500 last year. The sales were $358,900 and the… Show more Smith, Inc. incurred depreciation expenses of $48,500 last year. The sales were $358,900 and the addition to retained earnings was $39,400. The firm paid interest of $14,300 and dividends of $10,000. The tax rate was 35 percent. What was the amount of the costs incurred by the firm for last year? • Show less


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