equipment will have a useful life of five years, and its marginal corporate tax rate is 35%. The company plans to use straight-line depreciation. a. What is the annual depreciation expense associated with this equipment? b. What is the annual depreciation tax shiel c. depreciation tax shield each year for this equipment under this accelerated depreciation schedule. d. temain constant, which should it choose? Why? e. next five years? c. MACRS Schedule: Depreciation Expense: Depreciation Tax Shield: d. MACRS depreciation leads to a higher NPV of Markov's FCF. e. benefit at that time will be greater