Question: Flag Using the MACRS depreciation method, what is the annual depreciation for year three for a machine with a $250,000 cost basis? Assume the machine

Flag Using the MACRS depreciation method, what is the annual depreciation for year three for a machine with a $250,000 cost basis? Assume the machine is in the seven-year MACRS class. What is its book value at the end of each of the first three years? Please don't copy and paste the answer; please include the details along with the formula?

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