On January 1, 2020, Sunland Company purchased a machine costing $360000. The machine is in the MACRS 5-year recovery class for tax purposes and has an estimated $67000 salvage value at the end of its economic life. It's based on half year convention. Assuming the company uses the general MACRS approach, the amount of MACRS deduction for tax purposes for the year 2020 is MACRS Depreciation Rates by Class of Property 5-year 7-year 10-year (200% DB) (200% DB) (200% DB) 20.00 14.29 10.00 32.00 24.49 18.00 19.20 17.49 14.40 11.52 12.49 11.52 11.52 8.93 9.22 5.76 8.92 7.37 8.93 6.55* 6.55 6.56 6.55 3.28 Recovery 3-year Year (200% DB) 1 33.33 2 44.45 3 14.81" 4 ....... 7.41 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 15-year (150% DB) 5.00 9.50 8.55 7.70 6.93 6.23 5.90* 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 ...... 4.46 20-year (150% DB) 3.750 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462" 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 *Switchover to straight-line depreciation. O $58600. O $115200. O $144000 O $72000. Swifty Corporation owns machinery with a book value of $575000. It is estimated that the machinery will generate future cash flows of $607000. The machinery has a fair value of $429000. Swifty should recognize a loss on impairment of O $32000. O $178000. O $151750. O $-0