Compute the after-tax cost

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Question - Assuming a 21 percent tax rate, compute the after-tax cost of the following business expenditures:

a. $14,200 cost of a survey capitalized to land.

b. $44,750 research and experimental expenditure.

c. $23,000 advertising cost.

d. $120,000 cost of grading land used in a non-farming business.

e. $120,000 cost of grading land used in a farming business.

Reference no: EM133177611

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