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Daly Publishing Corporation recently purchased a truck for $49,000. Under MACRS, the first years depreciation was $9,800. The truck drivers salary in the first year

Daly Publishing Corporation recently purchased a truck for $49,000. Under MACRS, the first years depreciation was $9,800. The truck drivers salary in the first year of operation was $72,600. The companys 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.

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