Find out the amount of the depreciation expense


Problem:

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.

Required:

Question: What is the amount of the depreciation expense?

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics: Find out the amount of the depreciation expense
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