Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a firms tax rate is 40% and it has $800,000 in cas

A firms tax rate is 40% and it has $800,000 in cash income in 2025....

70.2K

Verified Solution

Question

Accounting

A firms tax rate is 40% and it has $800,000 in cash income in 2025. A depreciation deduction of $160,000 would result in a tax savings of how much for the year 2025?

Group of answer choices

$105,600

$64,000

$54,400

$96,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

General Management
1.2K views

As more and more companies compete in the digital marketplace, the playing field has become “noisy”....

Geometry
1.2K views

Give the vector equation of a line perpendicular to the line 1: x=2t-1, y=-3t, t...

Statistics
1.2K views

An automobile manufacturer finds that 1 in every 2000 automobiles produced has a particular manufacturing...

Algebra
1.2K views

Analyze the graph of the function 4 2 R x X X 8 2 x...

Accounting
1.2K views

Agatha is planning to start a new business venture and must decide whether to operate...

Accounting
1.2K views

Robertson Hardware is adding a new product line that will require an advestment of $1,512,000....

Accounting
1.2K views

12 12

Accounting
1.2K views

On January 1, 2025, Oriole Corporation signed a ten-year noncancelable lease for certain machinery. The...

Accounting
1.2K views

Credit Kamla Lawn Service Unadjusted Trial Balance June 30, 2013 Debit Cash $170,850 Notes Receivable...

Accounting
1.2K views

Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the...

Accounting
1.2K views

A company's net income for the current year was $355000. Depreciation was $46000. Accounts receivable...

Finance
1.2K views

The market value of an unlevered firm is 400M and its debt value is 100M....