Question 3 of 4 View Policies Current Attempt in Progress Please view the following video before answering this question. Video Solution: 08.03-PRO23 Englehard purchases a slurry-based separator for the mining of the clay that costs $750,000 and has an estimated useful life of 10 years, a MACRS-GDS property class of 7 years, and an estimated salvage value of $55,000 after 10 years. It was financed using a $205,000 down payment and a loan of $545,000 over a period of 5 years with interest at 10%. Loan payments are made in equal annual amounts (principal plus interest) over the 5 years. a. What is the amount of the MACRS-GDS depreciation taken in the 3rd year? Depreciation - $ b. What is the book value at the end of the 3rd year? Book value - $ c. Returning to the original situation, what is the amount of the MACRS-GDS depreciation taken in the 3rd year if the separatoris also sold during the 3rd year? Depreciation = $ W Use depreciation percentages to 2 decimal places. Round final answers to whole dollar. Tolerance ist 50. Click here to access the TVM Factor Table Calculator e Textbook and Media Assistance Used Hint GO Tutorial Attempts:0 of 3 used Submit Answer Sofort