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1a. In carly 2015, Sosa Enterprises purchased a new machine for $10,000 to make cork for wine bottles. The machine has a 3-year recovery period

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1a. In carly 2015, Sosa Enterprises purchased a new machine for $10,000 to make cork for wine bottles. The machine has a 3-year recovery period and is expected to stopper have a salvage value of $2,000. Develop a depreciation schedule for this asset using the MACRS depeeciation percentages in Table 4.2 on textbook page 120. (4 points) Ib. Corporations face the following corporatc tax schedule: Tax on Base of Bracket Percentage on Excess above Base Taxable Income $ 0-$ 50,000 S 50,000 $ 75,000 $ 75,000 -$100,000 $100,000- $335,000 7,500 13,750 22,250 15% 25% 34% 39% If a firm has $180,000 of taxable income, what is its tax liability? (4 points)

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