What is the annual depreciation expense expected


Problem

John Wall Inc. is launching a line of "2" branded items in a 3-year project that involves equipment that will be purchased today for $160000 and a tax rate of 35%. What is the annual depreciation expense expected to be in 2nd year of the project (including year 0) if the equipment is depreciated straight-line to $30000 over 2 years?

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Finance Basics: What is the annual depreciation expense expected
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