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Your company just purchased a automated, temperature control system for your petroleum plant for $500,000. Your annual profits from this investment will be $150,000 once

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Your company just purchased a automated, temperature control system for your petroleum plant for $500,000. Your annual profits from this investment will be $150,000 once you install the system. You decide to use the GDS method of depreciation, so that you can reduce your corporate income tax liability. The GDS depreciation rates are shown in the table below. If your company's sole profits in year 2 were this figure of $150,000, and its sole expenses were the depreciation for the system, what would your company pay in corporate income taxes in year 2 if its tax rate were 40%

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