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An asset is in the MACRS 5-year property class and is being depreciated using the MACRS tables. The depreciation deduction for this asset in year

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An asset is in the MACRS 5-year property class and is being depreciated using the MACRS tables. The depreciation deduction for this asset in year 5 totaled $37,440 and the tax savings due to the depreciation tax shield for this asset in year 3. totaled $22,464. Calculate the tax rate. Enter your answer as a number (i.e., 40). Do not enter your answer as a decimal (i.e.', .40). Also, do not put the % symbol after your answer. You will need to use the percentages from the MACRS tables posted in carmen to answer this question. To access these percentages, click modules and then scroll to week 11. Click on the link labeled MACRS table percentages

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