Portsmouth Printing Corporation recently purchased a truck for 36 000 Under
Portsmouth Printing Corporation recently purchased a truck for $36,000. Under MACRS, the first year’s depreciation was $7,200. The truck driver’s salary in the first year of operation was $38,400.

Required:
Show how each of the amounts mentioned above should be converted to an after-tax mount. The company’s tax rate is 30 percent.

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