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5. A company is buying machinery for their manufacturing floor that is worth $655,000. The machinery has a service life of 7 years. Develop a

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5. A company is buying machinery for their manufacturing floor that is worth $655,000. The machinery has a service life of 7 years. Develop a depreciation table for this asset according to MACRS. What will be the tax implications if they decide to sell this machinery in year 5 for $100,000

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