Solved: Marx corporation is making a 103050 investment in equipment, Accounting Basics

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Marx corporation is making a 103050 investment in equipment

Question - Marx Corporation is making a $103,050 investment in equipment with a 5-year life.The company uses the straight-line method of depreciation and has a tax rate of 40 percent. The company's required rate of return is 11 percent.

What is the present value of the tax savings related to depreciation of the equipment?

Attachment:- Table.rar

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Accounting Basics: Marx corporation is making a 103050 investment in equipment

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Accounting Basics: Marx corporation is making a 103050 investment in equipment

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