1. Which of the following agencies do not supervise and examine some commercial banks in the U.S.?
a. The Federal Reserve
b. The FDIC
c. State banking authorities
d. The Comptroller of the Currency
e. The Securities and Exchange Commission
2. Your company is considering a new project that will requier $18,000 of new equipment at the start of the project. The equipment will have a depreciable life of 5 years and will be depreciated to a book value of $3000 using straight line depreciation the cost of capital is 9% and the firms tax rate is 30%. Estimate the present value of the tax benefits from deprectiaon?
21,000
900
3,501
3,000