Question: All else equal, how much less does a firm with $46,000 of depreciation expense pay in taxes compared to a firm with no depreciation expense?
All else equal, how much less does a firm with $46,000 of depreciation expense pay in taxes compared to a firm with no depreciation expense? (assume both firms incur a 21% tax rate). (Answer in dollars, but without the dollar sign, e.g. "10000" is $10,000)
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