Question: show work/formulas please An electric utility purchases large power transformer for one of its substations for $4,800,000. This is classified in the 15-year property class
An electric utility purchases large power transformer for one of its substations for $4,800,000. This is classified in the 15-year property class using MACRS-GDS. What would be the depreciation allowance and book value at the end of years 1 and 10 using MACRS with 100% bonus depreciation? Click here to access the TVM Factor Table Calculator Depreciation allowance at the end of year 1: $ million Book value at the end of year 1: $ million Depreciation allowance at the end of year 10: $ million Book value at the end of year 10: $ million Carry all interim calculations to 5 decimal places and then round your final answers to 2 decimal places. Please enter your answers in millions of dollars. If an amount is zero, enter "0". The tolerance is 0
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