A piece of equipment used in the manufacturing of carpets, Financial Management

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A piece of equipment used in the manufacturing of carpets

A piece of equipment used in the manufacturing of carpets initially cost a company $150,000. Using MACRS, how much can be counted towards depreciation each year? If at the end of year 5, the machine is sold for $60,000; how much would be owed in taxes if the tax rate is 25%?

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