A us firm has pound750000 of depreciation expense on its, Ask an Expert

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A U.S firm has £750,000 of depreciation expense on its subsidiary's books. The US income tax rate is 35 percent adn the spot exchange rate is £0.75/$. If the dollar appreciates to £0.85/$, how much has the dollar tax shield (i.e., the tax savings because of depreciation expense) changed?

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Financial Management, Finance

Category:- Financial Management
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