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Make a schedule proving the wisdom LMs advice

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Reference no: EM132883311

Question - The Green Pine Hotel has always depreciated its fixed assets using the straight-line method for both book and tax purposes. L.M. Branch, a newly hired tax consultant, has suggested this results in excessive taxes and has recommended the SYD method be used for future equipment purposes.

Planned equipment purchases for 20X2 and other relevant information are as follows:

Cost of Equipment: $500,000

Assumed purchase date: 111/X2

Salvage value: 0

Useful life: four years

Marginal tax rate: 30%

Investment interest rate: 10%

Assume: All "tax savings" for one year are invested at the beginning of the following year.

Required - As a newly hired intern you have been requested to make a schedule proving the wisdom LM's advice?

Reference no: EM132883311

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