Depreciation Rate for Recovery Period Year 3-Year 5-Year 7-Year 10-Year 1 33.33% 20.00% 14.29% 10.00% 44.45 32.00 24.49 18.00 3 14.81 19.20 17.49 14.40 4 7.41 11.52 12.49 11.52 11.52 8.93 9.22 6 5.76...

DML Industries bought a new manufacturing system 3 years ago for $80,000. It is being depreciated under MACRS with a 5-year recovery period. Assume a 21% tax rate.

Use the depreciation table below to calculate the book value of the machine.

Extracted text: Depreciation Rate for Recovery Period Year 3-Year 5-Year 7-Year 10-Year 1 33.33% 20.00% 14.29% 10.00% 44.45 32.00 24.49 18.00 3 14.81 19.20 17.49 14.40 4 7.41 11.52 12.49 11.52 11.52 8.93 9.22 6 5.76 8.92 7.37 7 8.93 6.55 4.46 6.55 9 6.56 10 6.55 11 3.28 12 13