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A company just purchased a new machine, which has a first cost of $320,000. Salvage is estimated at $75,000. Use both SL and MACRS depreciation over a 7-year recovery period, determine the depreciation charge and the book value for year 5,. Explain how the estimated salvage is treated using MACRS.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91672796

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