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3. A manufacturing company which is in the 34% tax bracket buys a large computer and warehouse management system for $210,000. a. Show the depreciation

3. A manufacturing company which is in the 34% tax bracket buys a large computer and warehouse management system for $210,000.

a. Show the depreciation schedule for this asset, if it is in the 7 year property class.

b. If the company estimates that this equipment will save them $75,000 per year by improving processing time for orders and reducing labor costs, what will their tax liability be in year 2?

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