Statistics Help
Question: Smith Corporation reported net income of $200,000 for 2008. Its EBITDA amounted to $800,000 and interest expense was $100,000. Smith‘s corporate income tax rate was 30%. Calculate the amount of depreciation expense that was reported in its income statement. Edit
Answer: EBITDA 8,00,000
Add : Depreciation 4,14,286
Add : Interest 1,00,000
PBT 2,85,714
Less: Tax 85,714
Net Income 2,00,000
Edit
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