Question
You are attempting to forecast your taxes. The current corporate tax rate is 21%, however most analysts agree that the corporate tax rate will change
You are attempting to forecast your taxes. The current corporate tax rate is 21%, however most analysts agree that the corporate tax rate will change to 28% within the next four years.
e. If you use the Straight-Line Depreciation method, how much will you pay in taxes next year (at 21%)? [2 pts]
f. If you use the Straight-Line Depreciation method, how much will you pay in taxes in four years (at 28%)? [2 pts]
g. If you use the Double-Declining-Balance Method, how much will you pay in taxes next year (at 21%)? [2 pts]
h. If you use the Double-Declining-Balance Method, how much will you pay in taxes in four years (at 28%)? [2 pts]
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