![Qvestion & (of 7 6. points Problem 2-15 Using Income Statements [LO 2] o retained eamings $3075 dvidends paid $1,020 intenestexpense $1.300:tax ra30 percent Caloulate the depreciaion expense for the company. (Do not round intermediate calculations and Problem 2-15 Using ncome from cash ow LO 21 MacBook Pro 0 4 6](http://img.homeworklib.com/questions/165bc1d0-73ad-11ea-9681-7b8226e6f212.png?x-oss-process=image/resize,w_560)
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| Computation of EBITDA | ||
| a | Addition to retained earning = | 3075 |
| b | Dividend paid = | 1020 |
| c=a+b | Net income | 4095 |
| d=c/70% | Earning before tax = | 5850 |
| e | Interest expenses | 1390 |
| f=d+e | EBITDA | 7240 |
| Computation of gross margin | ||
| a | Sales | 52900 |
| b | Cost | 37900 |
| c=a-b | Gross margin | 15000 |
| Computation of depreciation | ||
| Depreciation = Gross margin - EBITDA | ||
| =15000-7240 | 7760 | |
| Depreciation = | 7760 |
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