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Spherical Manufacturing recently spent $13 million to purchase some equipment used in the manufacture of disk brakes. This equipment has a CCA rate of 30%
Spherical Manufacturing recently spent $13 million to purchase some equipment used in the manufacture of disk brakes. This equipment has a CCA rate of 30% and Spherical's marginal corporate tax rate is 29%. a. What are the annual CCA deductions associated with this equipment for the first five years? b. What are the annual CCA tax shields for the first five years
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