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Calculate the reduced cash outflow for taxes

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Question - Daly Publishing Corporation recently purchased a truck for $49,000. Under MACRS, the first year's depreciation was $9,800. The truck driver's salary in the first year of operation was $72,600. The company's tax rate is 30 percent.

Required -

1-a. Calculate the after-tax cash outflow for the acquisition cost and the salary expense.

1-b. Calculate the reduced cash outflow for taxes in the first year due to the depreciation.

Reference no: EM132795206

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