Question
A firms tax rate is 40% and it has $800,000 in cash income in 2025. A depreciation deduction of $160,000 would result in a tax
A firms tax rate is 40% and it has $800,000 in cash income in 2025. A depreciation deduction of $160,000 would result in a tax savings of how much for the year 2025?
Group of answer choices
$105,600
$64,000
$54,400
$96,000
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Financial Accounting Reporting And Analysis
Authors: Michael Diamond, James Stice, Earl K. Stice, James D. Stice
5th Edition
0538873019, 978-0538873017
