The following financial information applied to your company for 2018:
• sales revenues, $4,350,000 • labor and materials, $970,000
• depreciation for existing assets purchased prior to 2018, $80,000
• on january 5, 2018, you purchased $130,000 of equipment classified as 5-year macrs assets
• on september 23, 2018, you purchased $210,000 of equipment classified as 7-year macrs assets

a) calculate the total depreciation expenses allowed in 2018.
b) calculate the taxes your company owes for 2018 and your net income for 2018.

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.