Question
You purchase equipment for $176,301. This cost will be depreciated straight-line to zero over the project's 10-year life. Based on past information, you believe
You purchase equipment for $176,301. This cost will be depreciated straight-line to zero over the project's 10-year life. Based on past information, you believe that you can sell the equipment for 15,185 when you are done with it in 10 years. The company's marginal tax rate is 21%. Calculate the amount of depreciation per year. Round your answer to 2 decimal places (e.g. 125.74632 = 125.75).
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Essentials of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
10th edition
1260013955, 1260013952, 978-1260013955
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