The following information is for question 16 and question 17. Baker Corporation acquired a new machine at a cost of $37,000, with installation costs of $3,000. When the machine is retired from service, Baker expects that it will sell it for scrap metal and receive $1,000. Baker Corporation follows MACRS procedures to depreciate the machine, the recovery year is 5 years. MACRS RATE Recovery year 3 years 5 years 7 years 10 years 10% 33% 20% 14% 2 45 32 25 18 3 15 19 18 14 4 7 12 12 12 5 12 9 9 8 5 9 7 7 init 4 6 8 6 6 10 4 11 16) The depreciable value of the machine is A. $37,000 B. $41,000 C. $40,000 D. $36,000 o og 17) The depreciation expense in the 5th year is A. $8,000 B. $7,600 C. $2,000 D. $4,800 3