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A piece of equipment is purchased for $80,000. (a) Please calculate the depreciations using MACRS method over 5 years, assuming the salvage value is $1,000.

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A piece of equipment is purchased for $80,000. (a) Please calculate the depreciations using MACRS method over 5 years, assuming the salvage value is $1,000. (b) Determine the amount of taxes paid in year 1 if revenue minus the cost of manufacture (without depreciation) is $40,000/yr. Assume a tax rate of 35%. 5

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