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Suppose a company estimates the following revenues and expenses from an investment for the first operating year. If the company pays taxes at the rate
Suppose a company estimates the following revenues and expenses from an investment for the first operating year. If the company pays taxes at the rate of 30% on its taxable income, the net income during the first year is closest to: Revenue $200,000 Expenses $84,000 Depreciation $4,000 081,200 0 25,000 028,700 078,400
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