* Your answer is incorrect. On January 1, 2025, Sunland Company purchased a machine costing $359000. The machine is in the MACRS 5-year recovery class for tax purposes and has an estimated $69000 salvage value at the end of its economic life. Assuming the company uses the optional straight-line method, the MACRS deduction for tax purposes for the year 2025 is MACRS Depreciation Rates By Class of Property 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year (200% DB) (200% DB) (200% DB) (200% DB) (150 % DB) (150% DB) Recovery Year 1 33.33 20.00 14.29 10.00 5.00 3.750 2 44.45 32.00 24.49 18.00 9.50 7.219 3 14.81 19.20 17.49 14.40 8.55 6.677 4 7.41 11.52 12.49 11.52 7.70 6.177 5 5.76 8.93 9.22 6.93 5.713 6 8.92 7.37 6.23 5.285 SUPP 8.93 6.55 5.90 4.8881 8 4.46 6.55 5.90 4.522 6.56 5.91 4.462 10 6.55 5.90 4.461 11 3.28 5.91 4.462 12 5.90 4.461 13 5.91 4.462 14 5.90 4.461 15 5.91 4.462 16 2.95 4.461 17 4.462 18 19 20 21 4.461 4.462 4.461 2.231 "Switch to straight-line depreciation. O $29000. O $35900. $58000. $71800