Question: Complete the last four columns of the table below using an effective tax rate of 40% for an asset that has a first cost of

Complete the last four columns of the table below using an effective tax rate of 40% for an asset that has a first cost of $20,000 and a 3-year recovery period with no salvage value, using

(a) Straight line depreciation

(b) MACRS depreciation.

Complete the last four columns of the table below using

All cash flows are in $1000units.

Estimates,S Year GI P OE D T Taxes CFAT 0-20 __-20 2 15 3 12 4 10 4 3

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