In 2009, goodwill construction company purchased $130,000 worth of construction equipment. Goodwills's taxable income for 2006 without considering the new construction equipmemt would have been $400,000. The new equipment falls into the MACRS 5 yr class. assume the applicable income tax rate is 34%.
what is the company's 2009 taxable income?
how much income tax will goodwill pay?