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Question 8 3 pts 8. A new axle grinding machine costs $7,000 to install. The machine will be depreciated using MACRS and will be assigned

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Question 8 3 pts 8. A new axle grinding machine costs $7,000 to install. The machine will be depreciated using MACRS and will be assigned to the 7-year class. What will be the book value after the machine has been depreciated over 5 depreciation cycles? O a $1,562 O b. $1,956 O c. $2,420 O d. $3,940

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