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Daly Publishing Corporation recently purchased a truck for $46,000. Under MACRS, the first year's depreciation was $9,200. The truck driver's salary in the first year

image text in transcribed Daly Publishing Corporation recently purchased a truck for $46,000. Under MACRS, the first year's depreciation was $9,200. The truck driver's salary in the first year of operation was $67,200. The company's tax rate is 30 percent. Required: 1-a. Calculate the after-tax cash outflow for the acquisition cost and the salary expense. 1-b. Calculate the reduced cash outflow for taxes in the first year due to the depreciation. Complete this question by entering your answers in the tabs below. Calculate the after-tax cash outflow for the acquisition cost and the salary expense

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