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What is its annual savings thanks to this investment

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Question - Fat Cats Billiards Hall is thinking of investing $368,000 to buy 10 new billiards tables. Fat Cats expects to use the tables for 19 years, at which point the tables will have a total salvage value of $52,000. In trying to estimate the incremental cash flows from this investment, Fat Cats needs to know how much it will be able to save in taxes each year thanks to the depreciation. If Fat Cats is subject to a 26% tax rate and uses straight-line depreciation, what is its annual savings thanks to this investment?

Reference no: EM132963070

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