Question: Intro 8 years ago, a new machine cost $9,000,000 to purchase and an additional $650,000 for the installation. The machine was to be linearly depreciated

Intro 8 years ago, a new machine cost $9,000,000 to purchase and an additional $650,000 for the installation. The machine was to be linearly depreciated to zero over 20 years. The company has just sold the machine for $5,400,000, and its marginal tax rate is 25%. Part 1 Attempt 1/5 for 10 pts. What is the annual depreciation? Part 2 Attempt 1/5 for 10 pts. What is the current book value? What is the after-tax salvage value

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