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Posted on Jul 24, 2024

8 years ago, a new machine cost $ 7 , 0 0 0 , 0 0 0 to purchase and an additional $ 6 1

8

years ago, a new machine cost $

7, 000, 000

to purchase and an additional $

610, 000

for the installation. The machine was to be linearly depreciated to zero over

25

years.

The company has just sold the machine for $

4, 200, 000,

and its marginal tax rate is

25 % .

What is the annual depreciation? What is the current book value? What is the net salvage value?

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