(Solution Download) A year ago, Crunchy Cola Corporation bought a stamping machine to make the cans for its cola. The...

A year ago, Crunchy Cola Corporation bought a stamping machine to make the cans for its cola. The cost of the machine was $60,000. The machine has a useful life of 5 years and a salvage value of zero at the end of those five years. Annual depreciation on the machine is $12,000.