Daly Publishing Corporation recently purchased a truck for $38,000. Under MACRS, the first year's depreciation...
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Daly Publishing Corporation recently purchased a truck for $38,000. Under MACRS, the first year's depreciation was $7,600. The truck driver's salary in the first year of operation was $52,800. 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. Complete this question by entering your answers in the tabs below. Calculate the after-tax cash outflow for the acquisition cost and the salary expense. Complete this question by entering your answers in the tabs below. Calculate the reduced cash outflow for taxes in the first year due to the depreciation
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