Assume the Oklahoma City Thunder are sold for $520 million. If there is a 35% flat tax
Fantastic news! We've Found the answer you've been seeking!
Question:
Assume the Oklahoma City Thunder are sold for $520 million. If there is a 35% flat tax rate, how much would a 5-year straight-line depreciation of the sale price save them in taxes over the entire 5 years in nominal dollars? (Round to the nearest $100,000)
A) $104,000,000
B) $520,000,000
C) $36,400,000
D) $72,800,000
E) $182,000,000
Posted Date: