Question: EX 1 6 - 3 0 ( Algo ) After - Tax Cash Flows ( Section 2 ) ( LO 1 6 - 4 )

EX 16-30(Algo) After-Tax Cash Flows (Section 2)(LO 16-4)
Daly Publishing Corporation recently purchased a truck for $32,000. Under MACRS, the first year's depreciation was $6,400. The truck driver's salary in the first year of operation was $43,800. 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.
EX 1 6 - 3 0 ( Algo ) After - Tax Cash Flows (

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