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SHOW YOUR WORK AND SOLUTIONS What is the present value at a 15% discount rate of the depreciation tax shield for a firm in the

SHOW YOUR WORK AND SOLUTIONS

What is the present value at a 15% discount rate of the depreciation tax shield for a firm in the 35% tax bracket that purchases a $50,000 asset being depreciated straight-line over a five-year life to a zero salvage value?

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