Question: On January 1 , 2 0 2 5 , Ivanhoe Company purchased a machine costing $ 3 4 3 0 0 0 . The machine

On January 1,2025, Ivanhoe Company purchased a machine costing $343000. The machine is in the MACRS 5-year recovery class for tax purposes and has an estimated $66000 salvage value at the end of its economic life. Assuming the company uses the general MACRS approach, the MACRS deduction for tax purposes for the year 2025 is
\table[[MACRS Depreciation Rates By Class of Property],[\table[[Recovery],[Year]],\table[[3-Year],[(200% DB)]],\table[[5-Year],[ DB)]],\table[[7-Year],[(200% DB)]],\table[[10-Year],[ DB)]],\table[[15-Year],[(150% DB)]],\table[[20- Year],[(150% DB)]]],[1,33.33,20.00,14.29,10.00,5.00,3.750],[2,44.45,32.00,24.49,18.00,9.50,7.219],[3,14.81,19.20,17.49,14.40,8.55,6.677],[4,7.41,11.52,12.49,11.52,7.70,6.177],[5,,5.76,8.93,9.22,6.93,5.713],[6,,,8.92,7.37,6.23,5.285],[7,,,8.93,6.55,5.90,4.888],[8,,,4.46,6.55,5.90,4.522],[9,,,,6.56,5.91,4.462
 On January 1,2025, Ivanhoe Company purchased a machine costing $343000. The

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