Intro 8 years ago, a new machine cost $4,000,000 to purchase and an additional $590,000 for...
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Intro 8 years ago, a new machine cost $4,000,000 to purchase and an additional $590,000 for the installation. The machine was to be linearly depreciated to zero over 10 years. The company has just sold the machine for $2,400,000, and its marginal tax rate is 25%. Part 1 What is the annual depreciation? 0+ decimals Submit Attempt 2/4 for 10 pts. Part 2 What is the current book value? Attempt 1/4 for 10 pts. 0+ decimals Submit Intro 8 years ago, a new machine cost $4,000,000 to purchase and an additional $590,000 for the installation. The machine was to be linearly depreciated to zero over 10 years. The company has just sold the machine for $2,400,000, and its marginal tax rate is 25%. Part 1 What is the annual depreciation? 0+ decimals Submit Attempt 2/4 for 10 pts. Part 2 What is the current book value? Attempt 1/4 for 10 pts. 0+ decimals Submit
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