Question 6 O out of 3 points A company invests $46,004 into a machine that has a useful life of 12 years and a predicted salvage value of $12 The company's revenue using the machine is $513,254. It also has $834 operating costs and X $1,991 maintenance costs. What is the company's taxable income at the end of year 6, assuming straight line (SLN) depreciation. Selected Answer: 506,596.33 Correct Answer: 487,433 + 3% Response Feedback: Recall that Taxable income (TI) is: Gross income (revenue) - allowable deductions t = year of depreciation. In this case: allowable deductions are Operating Costs (OC), Maintenance (MC), and depreciation (d) Capital Cost Salvage using SLN, dt = ; NB depreciation is the same for all years using SLN Useful Life TI = BTCF - OC - MC - depreciation