HP 24 Help Save &Exit Submit 10 Check my work Required information The following information applies to the questions displayed below Manning Corporation is considering a new project requiring a $110,000 investment in test equipment with no salvage Part 1 of 4 value. The project would produce $71,000 of pretax income before depreclation at the end of each of the next six years. The company's income tax rate is 32%. In compiling its tax return and computing its income tax payments, the company can choose between the two alternative depreciation schedules shown in the table. (PV of S1. EV of St. PVA of $1, and EVA of SD (Use MACRS) (Use appropriate factorts) from the tables provided.) 2.5 points eBlook Print References traight-Line ACRS Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Depreciation Depreciation 22,000 35,200 21,120 12,672 12,672 11,000 22,000 22,000 22,000 22,000 Totala $110,000 $110,000 The modified accelerated cost recovery system (MACRS) for depreciation is discussed in Chapter 8