A tractor for over-the-road hauling is to be purchased by AgriGrow for $75,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $3,500. Transportation cost savings are expected to be $120,000 per year; however, the cost of drivers is expected to be $45,000 per year, and operating expenses are expected to be $41,000 per year, including fuel, maintenance, insurance, and the like. The companys marginal tax rate is 25

PLEASE USE EXCEL SHEET TABLE TO CALCULATE!!

a) USE straight- line depreciation (no half-year convention)

b) USE MACRS-GDS and state the appropriate property class