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Assuming a tax rate of 35%, depreciation expenses of $400,000 will: a. Reduce income by $140,000 b. Reduce taxes by $140,000 c. Reduce taxes by
Assuming a tax rate of 35%, depreciation expenses of $400,000 will: a. Reduce income by $140,000 b. Reduce taxes by $140,000 c. Reduce taxes by $400,000 d. Have no effect on income or taxes, since depreciation is not a cash expense
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