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Used drill press costs $60,000, and delivery ans installation charges add $5,000. The salvage value...

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Accounting

Used drill press costs $60,000, and delivery ans installation charges add $5,000. The salvage value after 10 years is $10,000. Compute the accumulated depreciation through year 5 using. (A) 7 - year MACRS depreciation.

(B) Straight-line depreciation.

NOTE: Use a net tax rate of 22.98% (disregard the rate given in the problem)

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