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Which of the following statements best describes the concept of Tax Shield as used in capital budgeting? The future value of the amount of income

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Which of the following statements best describes the concept of "Tax Shield" as used in capital budgeting? The future value of the amount of income tax deducted due to buying a capital asset per unit. The present value of the impact on cash flow due to the reduction in taxable income which results from claiming capital cost allowances Protects a company from unwanted taxes The amount of taxes paid each year None of these answers

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