Question: Problem 4 Intro 8 years ago, a new machine cost $ 7 , 0 0 0 , 0 0 0 to purchase and an additional

Problem 4
Intro
8 years ago, a new machine cost $7,000,000 to purchase and an additional $450,000 for the installation. The
machine was to be linearly depreciated to zero over 25 years.
The company has just sold the machine for $4,200,000, and its marginal tax rate is 25%.
Part 1
What is the annual depreciation?
Problem 4 Intro 8 years ago, a new machine cost $7,000,000

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