Question: Endo Mountain Bikes Inc. is purchasing a new machine for constructing hydraulic shocks. The machine costs $25,000 and falls in a 7year property class with

Endo Mountain Bikes Inc. is purchasing a new machine for constructing hydraulic shocks. The machine costs $25,000 and falls in a 7year property class with MACRS depreciation rates for the first two years of 14.29% and 24.49%. What is the tax on sale if the machine is sold for $7,500 at the end of two years? Round to the nearest dollar

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