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8 years ago, a new machine cost $4 million to purchase and an additional $640,000 for the installation. The machine was to be linearly depreciated

8 years ago, a new machine cost $4 million to purchase and an additional $640,000 for the installation. The machine was to be linearly depreciated to zero over 20 years. The company has just sold the machine for $2.4 million, and its marginal tax rate is 25%. What is the annual depreciation? What is the current book value? What is the after-tax salvage value (ATSV)?

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