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The Golden Eagle Basketball team has just installed an electronic scoreboard in its playing arena at a cost of $210,000 for tax purposes, the entire
The Golden Eagle Basketball team has just installed an electronic scoreboard in its playing arena at a cost of $210,000 for tax purposes, the entire original cost of the electronic scoreboard will be depreciated over seven years using straight line depreciation method.Determine the yearly tax savings from the depreciation tax shield.
Assume that the income tax rate is 30%.
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