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A manufacturing company is planning to invest $20,000 on a special tool for plastic production. The engineer estimated that the tool will have a salvage

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A manufacturing company is planning to invest $20,000 on a special tool for plastic production. The engineer estimated that the tool will have a salvage value of $1,500 at the end of its 4-year useful life (3-year MACRS property class). Question 5, Part B: Based on the information given, complete the following depreciation schedule table for Straight Line Depreciation and MACRS Depreciation. Pay close attention to the useful life and the property class of the asset. Enter your answer in the form: 1234.56 with zeros in cells that do not have numbers attached. No % signs are needed. Straight Line Depreciation MACRS Depreciation Year Depreciation Book Value MACRS% Depreciation Book V 1 2 3 4 5

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