Bourland Corporation is considering a capital budgeting project that would require investing $80,000 in equipment with an expected life of 4 years and zero salvage value. Annual incremental sales would be $250,000 and annual incremental cash operating expenses would be $180,000. The project would also require a one-time renovation cost of $40,000 in year 3. The company's income tax rate is 30% and its after-tax discount rate is 8%. The company uses straight-line depreciation. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The income tax expense in year 3 is:
A. $3,000
B. $15,000
C. $12,000
D. $21,000
Answer: A
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A. sources. B. features. C. benefits. D. advantages. E. values.
Muddling through entails:
a. Making a mess of decision-making b. Investigating complex political issues to search for a solution. c. Highly simplified decision-making d. All of the above
The ________ is a federal statute that makes it illegal for an employer to discriminate against job applicants and employees based on genetic information
A) Americans with Disabilities Act (ADA) B) Genetic Information Nondiscrimination Act (GINA) C) Americans with Disabilities Act (ADAAA) D) Older Workers Benefit Protection Act (OWBPA)
State the benefits that can be claimed under workers' compensation. How are these compensation claims filed?
What will be an ideal response?