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A corporation is considering purchasing a $120,000,000 office building for its business. The building has 15 percent of
Posted: Sun Jun 05, 2022 7:34 am
by answerhappygod
- A Corporation Is Considering Purchasing A 120 000 000 Office Building For Its Business The Building Has 15 Percent Of 1 (35.33 KiB) Viewed 37 times
A corporation is considering purchasing a $120,000,000 office building for its business. The building has 15 percent of its total value attributable to land and 39 years of depreciable life. Assuming the building is bought, what will be the annual depreciation tax shield for this corporation if it has an income tax rate of 21%? Excel Link: Excel Sheet.xlsx $3,076,923 $2,613,385 $549,231 $646,154