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1. A piece of newly purchased industrial equipment costs$903,619.00 and is classified as a seven-year property under MACRS.What is the book value of this piece

1. A piece of newly purchased industrial equipment costs$903,619.00 and is classified as a seven-year property under MACRS.What is the book value of this piece of equipment at the end ofyear 3?2. 2 answers

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