Question: 2. Using the following information, complete the table below. A company purchases equipment for $80,000 that is expected to have zero salvage value at the

2. Using the following information, complete the

2. Using the following information, complete the table below. A company purchases equipment for $80,000 that is expected to have zero salvage value at the end of its 4 year useful life. Revenue for the equipment is expected to be $40,000 per year. Use straight line depreciation and a combined marginal tax rate of 50%. Show your work for partial credit. 5 points possible: Points as noted in table (1 pt) After-Tax Year (1 pt) Before-Tax (1 pt) Depreciation (1 pt) Taxable Cash Flow (D.) Income (1 pt) Income Taxes Cash Flow o 1 2 13 4 Organize your work in a similar table in your workspace. In Canvas just indicate what the after tax cash flow in year 4 is

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