taxes would be paid at a 40% rate, and depreciation was calculated on a straight line basis over the six-year life, with zero salvage. WPC accountants had told Prescott that depreciation charges could not begin until 2008, when all the$18 million had been spent and the machinery was in service. Because he did not have a good feel for how inflation would affect his analysis, Prescott had decided not to include it.
WPC accountants had told Prescott that depreciation charges could not begin until 2008
how inflation would affect his analysis