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im trying to figure out the tax savings MACRS depreciation expense and accounting cash flow Pavlovich Instruments, Inc., a maker of precision telescopes, expects to

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MACRS depreciation expense and accounting cash flow Pavlovich Instruments, Inc., a maker of precision telescopes, expects to report pretax income of $421,000 this year. The company's financial manager is considering the timing of a purchase of new computerized lens grinders. The grinders will have an installed cost of $75,200 and a cost recovery period of 5 years. They will be depreciated using the MACRS schedule Corporate tax rates are given a. If the firm purchases the grinders before year-end, what depreciation expense will it be able to claim this year? b. If the firm reduces its reported income by the amount of the depreciation expense calculated in part a what tax savings will result? a. The depreciation expense they will be able to claim this year is $ 15040 (Round to the nearest dollar) b. Thie tax savings will be s. (Round to the nearest dollar) Ore + + (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Corporate Tax Rate Schedule Tax calculation Range of taxable income Base tax (Marginal rate x Amount over base bracket) $0 to $50,000 $0 (15% x amount over $0) 50,000 to 75.000 7,500 (25% X amount over 50,000) 75,000 to 100,000 13.750 (34% x amount over 75,000) 100.000 to 335.000 22,250 (39% x amount over 100,000) 335.000 10 10,000,000 113.900 (34% X amount over 335.000) 10,000,000 to 15,000,000 3,400,000 + (35% x amount over 10,000,000) 15,000,000 to 18.333.333 5.150.000 (38% x amount over 15.000.000) Over 18,333,333 6,416,667 (35% x amount over 18.333,333) + + + Print Done your a

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