fine press is considering replacing the existing press with a more efficient press. The new press costs $65,000 and requ

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fine press is considering replacing the existing press with a
more efficient press. The new press costs $65,000 and requires
$15000 in installation costs. The old press was purchased 4 years
ago for an installed cost of $35,000 and can be sold for $20,000
net of any removal coats today. The New Press will increase revenue
by $30000 and cut costs by $10000. Both presses are depreciated
under the MACRS 5-YEAR recovery schedule. The firm is in 40%
marginal rate.
The depreciation rates for the assets under 5 year MACRS are as
follows
20% for year 1, 32% for year2, 19% for year 3, 12% for year 4,
12 % for year 5 and 5% for year 6.
Calculate the book value of the asset being replaced