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24. You just purchased $300,000 of equipment that is classified as five-year MACRS property. The MACRS rates are .2, .32, .192, .1152, .1152, and .0576
24. You just purchased $300,000 of equipment that is classified as five-year MACRS property. The MACRS rates are .2, .32, .192, .1152, .1152, and .0576 for Years 1 to 6, respectively. What will be the book value of this equipment at the end of three years assuming no bonus depreciation is taken?
$58,467 | ||
$86,400 | ||
$62,784 | ||
$92,533 | ||
$155,216 |
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