MACRS depreciation expense and accounting cash flow Pavlovich instruments, Inc, a maker of precision telescopes, expects to report pretax income of $426,000 this year. The compary's financial manager is considering the timing of a purchase of new computerized lens grinders. The grinders wit have an installed cost of $84,800 and a cost recovery period of 5 years. They wa be dopreciated using the MACRS schedule C. Corporate tax rates are given i a. If the firm purchases the grinders before year-end, what depreciation expense will it be ablo to claim this year? b. If the firm reduces its reported income by the amount of the depreciation expense calculated in part a, what tax savings wall result? a. The depreciation expense they will be able to claim this yoar is ? (Round to the nearest dollar.) Click on the icon here D. in order to copy the contents of the data table below into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes -These percentages have been rounded to une nearest wnole percent to simpury calculauons wnue retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance (200%) depreciation using the half-year convention. Corporate Tax Rate Schedule Tax calculation