Question: please show work Question 3 [4 point]: Hexmann Manufacturing recently purchased a new machine for $350,000. It cost $20,000 to ship the machine to Heymann's,

please show work
 please show work Question 3 [4 point]: Hexmann Manufacturing recently purchased

Question 3 [4 point]: Hexmann Manufacturing recently purchased a new machine for $350,000. It cost $20,000 to ship the machine to Heymann's, facility, and it cost another $50,000 to get it installed. Purchase of the new machine will require Heymann to increase its working capital by $25,000 (spare parts inventory). If the new machine falls into the MACRS 3-year class, what amount will the firm be able to depreciate during the next five years? (The MACRS rates for 3 year class are Year 1:33%, Year 2:45%, Year 3:15\%, Year 4: 7\%.)

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