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DermaTech has purchased a machine at a total cost of $300,000. The installation cost for the machine was $25,000. The firm plans to depreciate the

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DermaTech has purchased a machine at a total cost of $300,000. The installation cost for the machine was $25,000. The firm plans to depreciate the equipment using the MACRS 5- year normal recovery period. Depreciation rates are ; 1- 20%. 2 -32%, 3- 19%, 4-12%, 5-12%, 6-5% What is the depreciation expense for the second year. What is the depreciation expense for the fifth year. What is the accumulated depreciation at the end of the sixth year What is the accumulated depreciation at the end of the third year What is the book value at the end of the sixth year

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