a purchase of new computerized lens grinders. The grinders will have an installed cost of $$84,700$ and a cost recovery period of $5$ years. They will be depreciated using the MACRS schedule $q,$ Corporate tax rates are given

a$.$ If the firm purchases the grinders before year$-$end, what depreciation expense will it be able to claim this year?

b$.$ If the firm reduces its reported income by the amount of the depreciation expense calculated in part $a,$ what tax savings will result?

a$.$ The depreciation expense they will be able to claim this year is : $($Round to the nearest dollar.$)$How to solve