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You purchased a new surveying drone for $175,000. At the end of 2 years, you sell the drone for $75,000. Using a 3-Yr MACRS depreciation
You purchased a new surveying drone for $175,000. At the end of 2 years, you sell the drone for $75,000. Using a 3-Yr MACRS depreciation you find that the book value of the drone at the end of year 2 is $84,000. Using the drone you were able to make $350,000 during year 2 with $160,000 in operating expenses. If your tax rate is 20%, how much will you have to pay in taxes during Year 2? Round your answer to the nearest $100. Do not use the "$" in your
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