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A company purchases new cement manufacturing assets that cost $17 million. This is classified in the 15-year property class using MACRS-GDS. What would be

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A company purchases new cement manufacturing assets that cost $17 million. This is classified in the 15-year property class using MACRS-GDS. What would be the depreciation allowance and book value at the end of years 1 and 3 using MACRS with 50% bonus depreciation? Click here to access the TVM Factor Table Calculator. Depreciation allowance at the end of year 1: 1,092,900 million Book value at the end of year 1: 6,071,000 million Depreciation allowance at the end of year 3: $ 1,222,600 million Book value at the end of year 3: SA 3,625,800 million Carry all interim calculations to 5 decimal places and then round your final answers to 3 decimal places. Please enter your answers in millions of dollars. The tolerance is 0.010.

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