Scenario: A team was purchased at $800 million IRS allows assigning 50% of the franchise purchase price to player contracts Owners can appeal depreciation in the value of the player contract over a 5-year period (assuming equally distributed) The team generates an annual revenue of $150 million while spending $130 million annually . QUESTION 3 For the fiscal year 1, what should be the amount/value of depreciation? O $ 400 million . $ 80 million O $ 250 million O $ 20 million O $ 380 million QUESTION 4 For the fiscal year 1, what will be the pretax profits (or deficits)? 0 - $ 20 million ..$ 60 million O + $ 720 million O + $ 60 million O O million QUESTIONS When the income tax rate is 8.25%, what will then be the amount of taxation? Click Save and Submit to save and submit. Click Save All Answers to save all answers