Which of the following are true? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Exclusions are expenses that are not required to be deducted. Your answer b Credits are subtracted to arrive at the amount of tax due. Deductions on the tax return are always the same as expenses on the Income Statement. d Taxable income is the amount of tax expense. 7F Crystal Co. is considering investing in equipment for $200,000 which it expects will last ten years and then be worthless. Crystal is in the 21% tax bracket. The company expects the equipment will generate $24,000 in net income before taxes annually over the next 10 years. What is the expected after-tax cash flow for this equipment? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $38,960 b 18,960 $14,760 d $34,760