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The cost of new machine is $220,000. The cost of shipping is $10,000 and of installation is $20,000. The required working capital is $25,000. Using

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The cost of new machine is $220,000. The cost of shipping is $10,000 and of installation is $20,000. The required working capital is $25,000. Using the 3-year M schedule, determine the depreciation expense in year 2. Round to the nearest penny. Do not include a dollar sign. Year3-YR MACRS 33.33% 44.45% 14.81% 7.41% 3 4

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