PRINCIPLES OF MANAGERIAL ACCOUNTING Chapter 15. After-tax issues After-tax Cost of a Cash Expense...

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PRINCIPLES OF MANAGERIAL ACCOUNTING Chapter 15

Transcript of PRINCIPLES OF MANAGERIAL ACCOUNTING Chapter 15. After-tax issues After-tax Cost of a Cash Expense...

Page 1: PRINCIPLES OF MANAGERIAL ACCOUNTING Chapter 15. After-tax issues After-tax Cost of a Cash Expense After-tax cost = (1- Tax rate) x Cash expense After-tax.

PRINCIPLES OF MANAGERIAL ACCOUNTING

Chapter 15

Page 2: PRINCIPLES OF MANAGERIAL ACCOUNTING Chapter 15. After-tax issues After-tax Cost of a Cash Expense After-tax cost = (1- Tax rate) x Cash expense After-tax.

After-tax issues After-tax Cost of a Cash Expense

After-tax cost = (1- Tax rate) x Cash expense

After-tax benefit of a cash receipt After-tax benefit = (1- Tax rate) x

Cash receipt

Page 3: PRINCIPLES OF MANAGERIAL ACCOUNTING Chapter 15. After-tax issues After-tax Cost of a Cash Expense After-tax cost = (1- Tax rate) x Cash expense After-tax.

Depreciation Tax Shield Depreciation is fully deductible in

computing taxable income Tax savings from the depreciation tax

shield = Tax rate x Depreciation deduction

Investments in equipment must be paid up front, but benefits of the tax deduction is spread over the useful life of the equipment

Page 4: PRINCIPLES OF MANAGERIAL ACCOUNTING Chapter 15. After-tax issues After-tax Cost of a Cash Expense After-tax cost = (1- Tax rate) x Cash expense After-tax.

MACRS (Modified Accelerated Cost Recovery System) Eight property classes determine the

years of depreciation No salvage value Generally, half year convention is

used Generally 200% declining balance is

used, until S/L would be higher then it automatically switches

S/L throughout the life is optional

Page 5: PRINCIPLES OF MANAGERIAL ACCOUNTING Chapter 15. After-tax issues After-tax Cost of a Cash Expense After-tax cost = (1- Tax rate) x Cash expense After-tax.

Assignment Problems 5 and 6 (use S/L Depr)


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