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Assume that you bought a machine for $5,000,000 that you will use for only 3 years in your factory. Also assume that the machine can
Assume that you bought a machine for $5,000,000 that you will use for only 3 years in your factory. Also assume that the machine can be depreciated based on the 3-year MACRS schedule. So, the depreciation schedule is 33.33%, 44.45%, 14.81%, and 7.41% in each year respectively. Calculate the book value of the machine at the end of its lifetime in your factory.
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