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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 82
Four years ago a division of Harcourt-Banks purchased an asset that was depreciated by the MACRS method using a 3-year recovery period. The total revenue for year 2 was $48 million, depreciation was $8.2 million, and operating expenses were $28 million. Use a federal tax rate of 35% and a state tax rate of 6.5% to determine
a) CFAT, b) percentage of total revenue expended on taxes, and c) net profit after taxes for the year.
a) CFAT, b) percentage of total revenue expended on taxes, and c) net profit after taxes for the year.
Explanation
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Net operating income is gross income min...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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