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Underwater Swimwear recently purchased a new machine for $350,000. It cost $20,000 to ship the machine to Underwater's facility, and it cost another $50,000 to
Underwater Swimwear recently purchased a new machine for $350,000. It cost $20,000 to ship the machine to Underwater's facility, and it cost another $50,000 to get it installed. Purchase of the new machine will require Underwater to increase working capital by $25,000. If the new machine falls into the MACRS 3-year class, what amount will the firm be able to depreciate during the next five years?Please show answer for each year.
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