a machine used in research and experimentation which had a purchase cost of $45,000 and an installation cost of $5,000. It has been depreciating for the last 3 years but was just sold at the end of Year 3 for 60% of the initial costs. Complete the depreciation and book value schedules using sum-of-the-years digits, straight-line, and MACRS depreciation. For traditional depreciation methods, assume an expected life of 8 years and a salvage value of $2,000.

show your anwsers in a table containing the year, MARCS % rate, before tax cash flow, deprication, book value, taxable income, income taxes and the after tax cash flow,