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Q2. Using the 1981 investment tax credit, determine the following: a. The investment credit for $30,000,000 of qualified assets with a 10-year life. b. The

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Q2. Using the 1981 investment tax credit, determine the following: a. The investment credit for $30,000,000 of qualified assets with a 10-year life. b. The investment tax penalty if the asset is sold after five years. Q3. Repeat Q2 and use the 1985 investment tax credit assuming the company will sold assets after 4 years. Also solve by using alternative allowance. Q2. Using the 1981 investment tax credit, determine the following: a. The investment credit for $30,000,000 of qualified assets with a 10-year life. b. The investment tax penalty if the asset is sold after five years. Q3. Repeat Q2 and use the 1985 investment tax credit assuming the company will sold assets after 4 years. Also solve by using alternative allowance

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