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Merva Manufacturing is considering a new project and has just purchased equipment that has a five-year life. The equipment costs $50 million. Use the MACRS

Merva Manufacturing is considering a new project and has just purchased equipment that has a five-year life. The equipment costs $50 million. Use the MACRS depreciation schedule to compute the amount of depreciation and the book value for each year. PLEASE DEMONSTRATE IN EXCEL FORMAT. PLEASE SHOW FORMULAS/CALCULATIONS.

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