1. Answer True or False for the following: a. b. Before tax ROR is higher/more than after tax ROR For MACRS depreciation, salvage value varies Payback period analysis may select the wrong alternative. C. d. e. In most cases we want to maximize the depreciation charges taken in the first and second years. Taxable income = Gross Income - Expenses - Depreciation charges For straight line depreciation, a constant depreciation charge is made. f. Fill in the Blanks for the following questions: g. After Tax Cash Flow = Before Tax Cash Flow - h. Depreciation requires a production or utilization schedule. i. is the allowable depletion for mollusk shells. i. For MACRS Depreciation automobiles and trucks are considered Year Property