Question 5: A company plans to buy a machine counter for 65,000 liras with a 7-year lifetime for special orders. The company, whose current annual income is 35,000 liras, plans to obtain 95,000 liras annually from special orders. The new bench has been complying with the declining equilibrium method of depreciation (attrition share) with 2.0 multiplier and half a year start. The machine bench will be sold for 25,000 liras after 3 years at the end of the project period. Income Marginal Rate a) Calculate taxable income by years, b) Calculate income taxes by years, 0-50,000 %15 c) At the end of the project period, determine the income loss/gain 50,001-75,000 %25 arising from the sale of the machine tools 75,001-100,000 %34 100,001-335,000 %39 Question 5: A company plans to buy a machine counter for 65,000 liras with a 7-year lifetime for special orders. The company, whose current annual income is 35,000 liras, plans to obtain 95,000 liras annually from special orders. The new bench has been complying with the declining equilibrium method of depreciation (attrition share) with 2.0 multiplier and half a year start. The machine bench will be sold for 25,000 liras after 3 years at the end of the project period. Income Marginal Rate a) Calculate taxable income by years, b) Calculate income taxes by years, 0-50,000 %15 c) At the end of the project period, determine the income loss/gain 50,001-75,000 %25 arising from the sale of the machine tools 75,001-100,000 %34 100,001-335,000 %39