8. Resolve the previous problem assuming Voxland uses the five-year Modified Accelerated Cost Recovery System (MACRS) with no salvage value to depreciate the computer. Continue to assume the machine is sold after five years for $1,000.

(Hint: Apply the MACRS rules for computers on pages 468–469 to the entire cost of the computer. Notice, however, that there will be a positive net book value after five years because MACRS takes five years of depreciation over six years due to the half-year convention.)