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33. What is the maximum tax deduction for the machine in 2023 (Year es a. So, because the machine has a 5-year recovery period b. $576 c. $3,226 d. $6,451 34. On October 20 of the current vear, a company with a December 31 Year-end purchases a factory for $150,000, which includes $50.000 the land. What is first-year depreciation for this asset under MACRS? a. $535 b. $53,500 c. $111 d. $2,461 35. Which of the following is not subject to annual IRS depreciation limits? a. An unmodified company van weighing 5,000 pounds b. An unmodified company van weighing 7,500 pounds c. A company car used by the company's sales manager d. A company car used by the company's president Use the following information to answer Questions 36-42: A company that uses a calendar year purchases an asset with a historical cost of $250,000, a residual value of $5,000 and an estimated life of 5 years. 36. Under the straight-line method, the depreciation rate is ... 000 a. 40% b. 20% c. 10% d. 5% 37. If the asset is acquired on September 30, 2016, first-year depreciation under the straight-line method is ... a. $50,000 b. $49,000 c. $25,000 d. $12,250 38. If the asset is acquired on January 1, 2016, first-year depreciation under the double-declining balance method is ... a. 40% b. 20% c. 25% d. 5% 39. If the asset is acquired on January 1, 2016, and is depreciated under the double-declining balance method, second-year depreciation is... a. $100,000 b. $60,000 c. $50,000 d. $25,000