Question: Problem 5 Intro 8 years ago, a new machine cost $7,000,000 to purchase and an additional $490,000 for the installation. The machine was to be

Problem 5 Intro 8 years ago, a new machine cost $7,000,000

Problem 5 Intro 8 years ago, a new machine cost $7,000,000 to purchase and an additional $490,000 for the installation. The machine was to be linearly depreciated to zero over 15 years. The company has just sold the machine for $4,200,000, and its marginal tax rate is 25%. Attempt 1/5 for 10 pts. Part 1 What is the annual depreciation? 0+ decimals Submit 18 Attempt 1/5 for 10 pts. Part 2 What is the current book value? 0+ decimals Submit 8 Attempt 2/5 for 7.8 pts. Part 3 What is the net salvage value? 0+ decimals Submit

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