Which of the following provisions of the Tax Reform Act of 1986 worked to raise the effective cost of capital?
A) A general reduction in the tax rates applied to corporate profits
B) The elimination of the investment tax credit
C) A reduction in depreciation allowances
D) A reduction of the effective interest rate deduction against taxable corporate income

Question

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The Answer of Which of the following provisions of the Tax Reform Act of 1986 worked to raise the effective cost of capital?
A) A general reduction in the tax rates applied to corporate profits
B) The elimination of the investment tax credit
C) A reduction in depreciation allowances
D) A reduction of the effective interest rate deduction against taxable corporate income

Which of the Following Provisions of the Tax Reform Act