Prior to Passage of the Tax Cuts and Jobs Act,most

Prior to passage of the Tax Cuts and Jobs Act,most large corporations faced a 35% marginal tax rate.Under the new tax law,the marginal tax rate is 21%.In terms of the effect of this tax change on a firm's decision to purchase assets that it will use for several years ________.

A) the tax change is beneficial because it lowers the after-tax cost of these assets
B) the tax change increases the tax benefits that the firm obtains when it acquires long-lived assets,whether it immediately deducts the full cost of those assets or depreciates the cost over time
C) the tax law reduces the tax benefits that a firm obtains when it acquires long-lived assets,whether it immediately deducts the full cost of those assets or depreciates the cost over time
D) the tax change has no effect because depreciation does not affect a firm's cash flow