Question: Seeing Red has a new project that will require fixed assets of $919,000, which will be depreciated on a 5-year MACRS schedule. The annual depreciation

Seeing Red has a new project that will require fixed assets

Seeing Red has a new project that will require fixed assets of $919,000, which will be depreciated on a 5-year MACRS schedule. The annual depreciation percentages are 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, and 11.52 percent, respectively. The company has a tax rate of 35 percent. What is the depreciation tax shield for Year 3? Multiple Choice $64,330 $37,054 $61,757 $102,928 $53,608

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