有人會解這問題嗎？謝謝 - 會計

※ 引述《penghung (田村香織 <(￣︶￣)> )》之銘言：
: Last year Almazan Software reported $10.50 million of sales, $6.25 million of
: operating costs other than depreciation, and $1.30 million of depreciation.
: The company had $5.00 million of bonds that carry a 6.5% interest rate, and
: its federal-plus-state income tax rate was 35%. This year's data are expected
: to remain unchanged except for one item, depreciation, which is expected to
: increase by $1.00 million. By how much will net income change as a result of
: the change in depreciation? The company uses the same depreciation
: calculations for tax and stockholder reporting purposes. A. -$0.663
: B. -$0.709
: C. -$0.631
: D. -$0.65
: E. -$0.598

銷貨收入 10,500,000 10,500,000
營業成本 (6,250,000) (6,250,000)
折舊 (1,300,000) (2,300,000)
利息費用 ( 325,000) ( 325,000)
--------------------------- ----------------
稅前淨利 2,625,000 1,625,000
所得稅費用 (918,750) (568,750)
--------------------------- ----------------
稅後淨利 1,706,250 1,056,250
=========== ===========

折舊增加 1,000,000，淨利減少 650,000
(意即折舊增加$1，淨利減少$0.65)

折舊為可減除的費用，所以有 "節稅效果" ($1*(1-35%)=$0.65)

: A start-up firm is making an initial investment in new plant and equipment.
: Assume that currently its equipment must be depreciated on a straight-line
: basis over 10 years, but Congress is considering the legislation that would
: require the firm to depreciate the equipment over 7 years. If the legislation
: becomes law, which of the following would occur in the year following the
: change?
: A. A.The firms operating income (EBIT) would increase
: B.The firms taxable income would increase
: C.The firms cash flow would increase
: D.The firms reported net income would increase

折舊年限由10年降為7年，每年所需認列之折舊費用提高

A. EBIT會減少，因為折舊費用增加
B. 課稅所得會減少，因為折舊費用增加
C. 正解(解釋如後)
D. 淨利會減少，因為折舊費用增加

舉例如下:
若一設備購入成本 2,100,000，無殘值。
假設營業淨利為$1,000,000，所得稅率20%。

耐用年限10年 耐用年限7年
營業淨利 1,000,000 1,000,000
減:折舊費用 (210,000) (300,000)
-------------------------------------------
稅前淨利 790,000 700,000
所得稅費用 (158,000) (140,000)
-------------------------------------------
稅後淨利 632,000 560,000
加:折舊費用 210,000 300,000
-------------------------------------------
稅後現金流量 842,000 860,000
========= =========

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