Eagle Manufacturing recorded $320,000 in amortization expenses for its intangible assets in the current fiscal year. What will be the amount of its tax shield if the company's effective tax rate is 25%?
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- What is the amount of its tax shield on these financial accounting question?A company purchases depreciable equipment for $215 and sells it a few years later for $180. At the time of the sale, accumulated depreciation totals $120. If the company's tax rate is 36%, what is the total after-tax cash flow that will result from selling this asset?A company purchases depreciable equipment for $250 and sells it five years later for $180. At the time of the sale, accumulated depreciation totals $120. If the company's tax rate is 35%, what is the total after-tax cash flow that will result from selling this asset?
- A company purchases depreciable equipment for $215 and sells it a few years later for $180. At the time of the sale, accumulated depreciation totals $120. If the company's tax rate is 36%, what is the total after-tax cash flow that will result from selling this asset? AnswerA new piece of equipment costs $500,000, and depreciated according to the 5 year MACRS schedule. Assume the equipment makes you earn 350,000 a year more, and increases the operating expenses by $100,000 annually. Assume a federal applicable tax rate of 32%. For year 2, calculate: (a) before tax cash flow (BTCF) (b) taxable income (c) taxes due (d) after tax cash flow (ATCF)During 2021, Raines Umbrella Corporation had sales of $860,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $110,000, and $125,000, respectively. In addition, the company had an interest expense of $87,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume that interest is fully deductible.) a. What is the company's net income for 2021? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.) b. What is its operating cash flow? (Do not round intermediate calculations.) a. Net income b. Operating cash flow