Last year Tiemann Technologies reported $10,300 of sales, $6,450 of operating costs other than depreciation, and $1,400 of depreciation. The company had no amortization charges, it had $4,800 of bonds...

Last year Tiemann Technologies reported $10,300 of sales, $6,450 of operating costs other than depreciation, and $1,400 of depreciation. The company had no amortization charges, it had $4,800 of bonds that carry a 6.0% interest rate, and its federal-plus-state income tax rate was 35%. This year's data are expected to remain unchanged except for one item, depreciation, which is expected to increase by $700. By how much will net after-tax income change as a result of the change in depreciation? The company uses the same depreciation calculations for tax and stockholder reporting purposes.

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