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please solve without power point and show me the steps. - A CNC milling machine costed $310,000 four years ago. The estimated salvage value was

please solve without power point and show me the steps. image text in transcribed
- A CNC milling machine costed $310,000 four years ago. The estimated salvage value was $5,000 after 15 years. What is the machine's book value after five years of depreciation? If the machine is sold for $25,000 early in year 7, how much gain or loss is there? Use 7-year MACRS depreciation. (20 pts) dr = Bvxr+ 14.29% :(36,000 - 5.009 (0.1429) uri 243 584.5

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