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Kendall Industries is considering purchasing a new Widget Making Machine. The cost of the machine will be $105,207 and it will cost $13,218 to install

image text in transcribed Kendall Industries is considering purchasing a new Widget Making Machine. The cost of the machine will be $105,207 and it will cost \$13,218 to install the machinery. They plan to use the machine for 5 years and it will be depreciated based on the MACRs 5 year schedule. At the end of five years, they expect to be able to sell the machine for $20,000. What is the depreciation expense the firm is able to take in year 2 ? MACRs 5 Year Schedule Please record your answer in dollars and cents with no symbols or commas. Thus if your answer is $35,222.12, enter your answer as: 35222.12

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