Hi
Say,
Machinery = $400,000
Useful life = 4 years
Capital Allowance Rate = 25%
Corporation Tax Rate = 35%
Scrap Value = $5,000
Do you know any short cut that being used to calculate the total tax savings amount?
I only know till certain steps. ie 40,000 x 0.25 x 0.35 x 0.75 x 0.75 x....?
Will appreciate the help
Thanks