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Business, 07.01.2020 21:31 MrKrinkle77

Suppose an owner pays $500 million to purchase a hockey team that earns operating profits of $50 million per year. the new owner claims that $200 million of this prices is for the players, which he can depreciate using straight-line depreciation in five years. if the team pays corporate profit taxes of 40 percent, how much does the depreciation of the players save the owner

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