EX $16-30($Algo$)$ After$-$Tax Cash Flows $($Section $2)($LO $16-4)$

Daly Publishing Corporation recently purchased a truck for $$33,000.$ Under MACRS, the first year's depreciation was $$6,600.$ The truck

driver's salary in the first year of operation was $$45,600.$ The company's tax rate is $30$ percent.

Required:

$1-$a$.$ Calculate the after$-$tax cash outflow for the acquisition cost and the salary expense.

$1-$b$.$ Calculate the reduced cash outflow for taxes in the first year due to the depreciation.

Complete this question by entering your answers in the tabs below.

Req $1A$

Req $1B$

Calculate the after$-$tax cash outflow for the acquisition cost and the salary expense.