Question: A machine will produce 125,000 tons a year for 15 years. The machine is purchased for $3 million; a gross revenue of $10.50 per ton

A machine will produce 125,000 tons a year for 15 years. The machine is purchased for $3 million; a gross revenue of $10.50 per ton and a net income of $5.50 per ton is estimated. How much is the taxable income per year from this operation?

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