Non-accounting major need help with technical question

Whatup chimps,

non-accounting/finance major here, I was going through some technicals and came across this question. It might seem really easy for most of you but I can't find the solution online: Tax depreciation is $2 million over 5 years, while financial statement depreciation for the asset is $1 million over 5 years. Walk me through the impact of these differences on the financial statements, assuming a tax rate of 40%.

I'd appreciate any help, and feel free to post your technical questions too.

4 Comments
 

monkeytomd, pure crickets, that's where I come in. Any of these useful?

  • Why Investment Banking? 43 Sample Answers investment banking interview question. The Safe "Why Investment Banking?" Answers Of course, your ... answers and just go with what works. Here is a collection of the best standard responses to the "Why ... will do here' dings. What If You Are a Non-Business Major? Great answers to this question focus on ...
  • Answering Why Private Equity- A Complete Guide deal lead a question he can't answer, he'll look to you for help. I think this is what I love ... land you the job, but the wrong answer will get you dinged. Why Private Equity Career? This section is ... to shed some light on private equity as a career. For information on answering the interview question ...
  • For Non-Traditional, Non- Finance/Accounting major (Core specifics of what is needed to break into IBD) require technical questions answered during the interview process, for a non-finance/accounting major, who ... very much in advance. non-traditional non-finance major Non-accounting major ... As a non-finance/accounting major, trying to get into investment banking, the odds are already ...
  • 13 Networking Tips and Tricks advice with a grain of salt. Let me know what you think! 1. Use e-mail templates. Yes, a personalized ... is great. It will get you interviews. But once you land the interviews you will need mentors to help ... This is probably the most important tip on here: I rarely see it and it helped my greatly. Thanks for ...
  • MSF Question and Answer their questions so everyone can see them and the subsequent answers. Hope this helps. Summer Analyst ... head, but if you can go for full time recruiting I would advise you do so. Admissions advice * I get ... You need to have a polish application. I've helped and know people with sub 3.0 GPA's get ...
  • Hardest technical interview question + answer answers (preferably correct) if possible. What are Technical Interview Questions? Technical questions ... list as some firms will question different aspects of finance, accounting, the markets, etc. This is ... people aspiring to break into the industry. This guide will help you learn how to answer these questions
  • Tips For Incoming FT Analysts That Did NOT Do an IB Internship were getting themselves into. So here is some candid, helpful advice for all you incoming FT analysts ... explode. Advice #1: Ask as many questions as you can. Make sure they are thoughtful and that you don't ... institutional knowledge of where to access resources and such, you need to learn. Advice #3: Do NOT Rush Through ...
  • More suggestions...

Calling relevant pros to the rescue! pkossako mergeandacquire @padeloswp8"

If those topics were completely useless, don't blame me, blame my programmers...

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Correct me if I am misunderstanding, but I think the corporation is writing off $2m dollars off of its taxes (getting a $2m*0.4 tax benefit) and only writing off $1m off of its assets and adding back $1m into CFFO. Not sure if this is correct as I am only a student as well.

 
Most Helpful

Libero qui eos quidem reiciendis ut nobis omnis molestiae. Sed ducimus aspernatur qui tempore ut excepturi perspiciatis. Nisi quas pariatur voluptate consequuntur atque aut. Porro nesciunt distinctio nemo et deleniti ea consequatur. Et eaque nam omnis reprehenderit repellendus.

Et quia fuga id autem quidem tempora. Tempore vel voluptatem eaque enim quia odio debitis. Perspiciatis quas molestiae eum ut sit vitae error. Reprehenderit doloremque quo necessitatibus rerum fuga vero. Aut quas aut rerum voluptas.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”