A company had the following situation last year Gross sales- 6,890,000 Expenses- 3,500,000 They purchased a machine that cost 1,000,000 that they intend to depreciate over 5 years using straight line (year 1)what was their tax liability.

A company had the following situation last year Gross sales- 6,890,000 Expenses- 3,500,000 They purchased a machine that cost 1,000,000 that they intend to depreciate over 5 years using straight line (year 1)what was their tax liability