Wet Dog Perfume Company(WDPC), a profit-making company, purchased a process line for $131,000 and spent another $12,000 on its installation. The line was commissioned in January 2014, and it falls into the MCRS seven-year class life. The applicable income tax rate for WDPC is 40 percent, and there is no investment tax credit. Calculate the following:
a). 2015 depreciation for this process line.
b). Amount of tax savings due to this investment.