MACRS RATE Recovery year 3 years 5 years 7 years 10 years 33% 20% 1495 10% 2 45 32 25 18 3 15 19 18 14 4 7 12 12 12 5 12 9 9 6 5 9 8 7 9 7 8 6 9 6 10 6 11 anos A corporation has decided to replace an existing asset with a newer model Two years ago, the existing asset originally cost $70,000 and wa new asset will cost $80,000 and will also be depreciated under MACRS using a five-year recovery period. If the assumed tax rate is 40 per O A. $49,240 OB. $48,560 O C. 544,360 OD. 527,600 ick to select your answer -70,000 and was being depreciated under MACRS using a five-year recovery period. The existing asset can be sold for 530,000The x rate is 40 percent on ordinary income and capital gains, the initial investment is