In the current year, Woodpecker, Inc., a C corporation with $8,500,000 in assets, reported amortization of $40,000 on its financial statements and deducted amortization of $55,000 on its Federal tax return.
Is Woodpecker required to file Schedule M-3? If a Schedule M-3 is filed by Woodpecker, how is the difference in amortization amounts treated on that schedule?

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You are evaluating two different silicon wafer milling machines. the techron i costs $285,000, has a three-year life, and has pretax operating costs of $78,000 per year. the techron ii costs $495,000, has a five-year life, and has pretax operating costs of $45,000 per year. for both milling machines, use straight-line depreciation to zero over the project’s life and assume a salvage value of $55,000. if your tax rate is 24 percent and your discount rate is 11 percent, compute the eac for both machines.

Creation landscaping has 1,000 bonds outstanding that are selling for $1,280 each. the company also has 2,000 shares of preferred stock outstanding, currently priced at $27.20 a share. the common stock is priced at $37.00 a share and there are 28,000 shares outstanding. what is the weight of the debt as it relates to the firm's weighted average cost of capital?